Visual Aid Volunteers Inc

Analysis

Visual Aid Volunteers Inc is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in February 1965, 61 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 2023, Visual Aid Volunteers Inc reported income of $582k and spending of $603k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $582k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visual Aid Volunteers Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Magic City Soccer Club Inc ($582k), Rose Bowl Aquatics Swim Team Booster Club ($582k) and Citizens Against Domestic and Sexual Abuse ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $49k (8.2% of expenses). Other salaries and wages came to $178k. It paid $8,400 in professional fundraising fees. At year end it held assets of $714k against liabilities of $16k, net assets of $698k. It reported 6 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.