Vehicle for Change Inc

Analysis

Vehicle for Change Inc is a registered charity in United States, based in Galena, OH. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Vehicle for Change Inc reported income of $234k and spending of $267k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $312k to $234k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 143% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vehicle for Change Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Serve and Succeed Charitable Foundation ($234k), North Dakota High School Coaches Association Inc ($234k) and Lexington High School Band Boosters ($234k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 105% of the total. Compensation of current officers, directors and key employees was $76k (28% of expenses). At year end it held assets of $83k against liabilities of $408k, net assets of -$324k. It reported 2 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.