Vault Community Center

Analysis

Vault Community Center is a registered charity in United States, based in Clinton, IL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Vault Community Center reported income of $328k and spending of $229k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $328k (+17%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Vault Community Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include State Climb Collective Inc ($328k), 5110 Youth Ranch ($328k) and Michigan Scholastic Cycling Association ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). Other salaries and wages came to $102k. At year end it held assets of $648k against liabilities of $60, net assets of $648k. It reported 11 employees.