Vehicle for Good Inc

Analysis

Vehicle for Good Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 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, Vehicle for Good Inc reported income of $244k and spending of $104k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $244k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vehicle for Good Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Pathfinders Justice Initiative Incorporated ($244k), Society of Saint Vincent de Paul Our Lady of the Assumption Conf ($244k) and Friendship Adult Day Services Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $5,121, net assets of $148k.