VNW Circle of Care

Analysis

VNW Circle of Care is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, VNW Circle of Care reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.8m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, VNW Circle of Care sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Royal Oak Community Ltd ($3.8m), Pine Ridge Homes Inc ($3.8m) and Rainbow 66 Storehouse Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (0.7% of expenses). At year end it held assets of $149k against liabilities of $0, net assets of $149k.