Vuela for Health

Analysis

Vuela for Health is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Vuela for Health reported income of $1.5m and spending of $1.9m, spending 124% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $746k to $1.5m (+101%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vuela for Health sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Treeslouisville Inc ($1.5m), United Mine Workers of America Career Centers Inc ($1.5m) and Standing Together Effectively for People ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $161k (8.6% of expenses). Other salaries and wages came to $685k. At year end it held assets of $944k against liabilities of $198k, net assets of $746k. It reported 18 employees.