Velatura Hie Corporation

Analysis

Velatura Hie Corporation is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in August 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Velatura Hie Corporation reported income of $4.9m and spending of $4.7m, spending 96% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $2.3m to $4.9m (+109%), an average of +109% a year. The sharpest change came in the year to September 2023, when income rose by 109%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Velatura Hie Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Brightwaters Gynecology PC ($4.9m), International League Against Epilepsy ($4.9m) and International Rett Syndrome Foundation ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.6m against liabilities of $1.4m, net assets of $1.2m.