Vein of Galen Malformation Support Network Inc

Analysis

Vein of Galen Malformation Support Network Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Vein of Galen Malformation Support Network Inc reported income of $100k and spending of $100k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $100k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vein of Galen Malformation Support Network Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 30th percentile within ME. Charities of a similar size with the same main cause include Burn Survivors of New England ($100k), Monica K Young Foundation Inc ($100k) and Sights for Hope Endowment Foundation ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. At year end it held assets of $68k against liabilities of $18k, net assets of $50k.