Varp Inc

Analysis

Varp Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Varp Inc reported income of $10.8m and spending of $10.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $10.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Varp Inc sits at the 84th percentile: it is larger than about 84% 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 West Central Services Inc ($10.7m), Grace Medical Center Inc ($10.8m) and Eastern Montana Community Mental Health Center ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $141k (1.4% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.4m against liabilities of $609k, net assets of $6.8m. It reported 132 employees.