Vertice Corporation for Local Development

Analysis

Vertice Corporation for Local Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vertice Corporation for Local Development reported income of $94k and spending of $87k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $94k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vertice Corporation for Local Development sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Second Chance of St Cloud ($94k), Branford Road Race Foundation Inc ($94k) and Ujc Holdings Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,543 against liabilities of $0, net assets of $8,543.