Vedie Cultural Society Inc

Analysis

Vedie Cultural Society Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vedie Cultural Society Inc reported income of $93k and spending of $93k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $93k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedie Cultural Society Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include El Santuario Inc ($93k), Grace Without Borders Ministries ($93k) and Eatscripture ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $6,716. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.