Vincare Services of Austin

Analysis

Vincare Services of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2012, 14 years ago. 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 December 2023, Vincare Services of Austin reported income of $2.8m and spending of $2.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vincare Services of Austin sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Restavec Freedom Foundation ($2.8m), Can Do Multiple Sclerosis ($2.8m) and Dougy Center Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $159k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.1m against liabilities of $4.4m, net assets of $4.7m. It reported 27 employees.