D-Veal Corporation

Analysis

D-Veal Corporation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, D-Veal Corporation reported income of $11.8m and spending of $9.5m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.8m to $11.8m (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, D-Veal Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Denise Louie Education Center ($11.7m), Riverview Charter School Inc ($11.8m) and Bnos Melech of Lakewood Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.1m (12% of expenses). At year end it held assets of $6.4m against liabilities of $3.5m, net assets of $2.9m. It reported 88 employees.