V I P Tots Inc

Analysis

V I P Tots Inc is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, V I P Tots Inc reported income of $2.6m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.6m (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, V I P Tots Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Christian Mission Center Incorporated of Enterprise ($2.6m), Prairie Mission Retirement Village Inc ($2.6m) and Victory Ministries of Alaska Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $345k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $315k, net assets of $930k. It reported 46 employees.