VTS Industries Inc

Analysis

VTS Industries Inc is a registered charity in United States, based in Spring Valley, CA. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, VTS Industries Inc reported income of $11.3m and spending of $10.1m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.0m to $11.3m (+41%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, VTS Industries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Niskanen Center Inc ($11.3m), West Side Montessori School ($11.3m) and Csji-Tiffin Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3,900 (0.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $17.9m against liabilities of $149k, net assets of $17.8m. It reported 259 employees.