Velos Organization Inc

Analysis

Velos Organization Inc is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Velos Organization Inc reported income of $250k and spending of $210k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $186k to $250k (+35%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Velos Organization Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Young Entrepreneurs Academy Inc ($250k), Hope for Youth Inc ($250k) and West Muskingum Youth League ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.