Vineyard Power Development Fund Inc

Analysis

Vineyard Power Development Fund Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Vineyard Power Development Fund Inc reported income of $838k and spending of $685k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $838k (+1052%), an average of +1052% a year. The sharpest change came in the year to December 2023, when income rose by 1052%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vineyard Power Development Fund Inc 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 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include United Way of Ashland County Ohio Inc ($838k), Vital Life - a Marquis and Consonus Foundation ($838k) and Islesboro Islands Trust ($838k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $143k (21% of expenses). Other salaries and wages came to $201k. At year end it held assets of $232k against liabilities of $113k, net assets of $119k. It reported 8 employees.