Vital Cares Foundation Inc

Analysis

Vital Cares Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Vital Cares Foundation Inc reported income of $124k and spending of $48k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $124k (+222%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 536%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vital Cares Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Rockaway Neck First Aid Squad ($124k), Megan S Ott Foundation Inc ($124k) and The Arc of the Gulf Coast ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $433k against liabilities of $0, net assets of $433k.