Veloz

Analysis

Veloz is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Veloz reported income of $4.2m and spending of $4.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $4.2m (+97%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Veloz sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Shirley Heinze Land TR Inc ($4.2m), Future Earth ($4.2m) and Friends of the Urban Forest ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $218k (5.0% of expenses). Other salaries and wages came to $402k. At year end it held assets of $3.5m against liabilities of $235k, net assets of $3.3m. It reported 5 employees.