Vote 70 Inc

Analysis

Vote 70 Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Vote 70 Inc reported income of $253k and spending of $264k, spending 105% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $68k to $253k (+269%), an average of +269% a year. The sharpest change came in the year to December 2020, when income rose by 269%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vote 70 Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Catherine H Barber Memorial Shelter Inc ($253k), PTA Florida Congress ($253k) and St Joseph Ridge Lions Charities ($253k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 96% of the total. At year end it held assets of $4,966 against liabilities of $0, net assets of $4,966.