Vadis

Analysis

Vadis is a registered charity in United States, based in Sumner, WA. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Vadis reported income of $7.9m and spending of $6.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $7.9m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vadis sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Olmsted Health and Services Corporation ($7.9m), Nova Center Inc ($7.9m) and Ajo Ambulance Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $439k (6.3% of expenses). Other salaries and wages came to $4.0m. It paid $5,173 in professional fundraising fees. At year end it held assets of $17.9m against liabilities of $7.4m, net assets of $10.5m. It reported 137 employees.