Vtc Enterprises is a 501(c)(3) organization based in Santa Maria, California, registered in 1963, with $12,572,511 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$12.6M
▲ 10.4% vs prior year
Employment median: $367K
Expenses (FY2023)
$12.8M
Net assets
$14.6M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Vtc Enterprises— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vtc Enterprises: 14 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Vtc Enterprises— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vtc Enterprises: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $10.7M (FY2013) to $12.6M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$16.2M
Total liabilities
$1.6M
Net assets
$14.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $12,572,511▲10.4% | $12,772,239▲11.1% | $14,577,197▲2.5% | $16,180,361▲4.7% | 990 |
| 2022 | $11,384,419▼0.5% | $11,491,424▲3.6% | $14,216,093▲5.7% | $15,455,088▲3.6% | 990 |
| 2021 | $11,441,559▼12.1% | $11,088,728▲2.6% | $13,449,247▼10.1% | $14,919,120▼11.1% | 990 |
| 2020 | $13,019,852▲20.5% | $10,812,066▼1.3% | $14,960,845▲25.0% | $16,778,969▲8.2% | 990 |
| 2019 | $10,808,354▲3.7% | $10,948,942▲7.1% | $11,970,172▼0.5% | $15,502,669▲12.6% | 990 |
| 2018 | $10,418,138▼2.8% | $10,226,628▼6.6% | $12,034,521▲1.9% | $13,768,898▼0.3% | 990 |
| 2017 | $10,719,349▼3.7% | $10,944,853▼1.8% | $11,807,006▼2.3% | $13,813,193▲0.6% | 990 |
| 2016 | $11,130,931▼2.3% | $11,143,842▼0.9% | $12,082,407▼1.8% | $13,735,858▼3.7% | 990 |
| 2015 | $11,391,806▲1.2% | $11,240,388▲4.2% | $12,298,218▲1.2% | $14,268,537▲0.1% | 990 |
| 2014 | $11,255,028▲5.3% | $10,788,038▲4.7% | $12,154,603▲3.7% | $14,249,862▲3.0% | 990 |
| 2013 | $10,684,468 | $10,304,134 | $11,717,234▲3.4% | $13,834,887▲3.9% | 990 |
| 2012 | — | $10,300,089▼4.3% | $11,329,955▲6.4% | $13,320,087▲3.3% | 990 |
| 2011 | — | $10,763,982▲3.6% | $10,647,245▲8.0% | $12,890,635▲11.1% | 990 |
| 2010 | — | $10,388,558▲9.6% | $9,855,961▲9.2% | $11,603,198▲13.8% | 990 |
| 2009 | — | $9,481,400 | $9,027,128 | $10,194,874 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
10 grants to Vtc Enterprises totaling $129K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sourceamerica | Growth, technology, & modernization grant, qwe | 2024 | $32,500 |
| Sourceamerica | Growth, technology, & modernization grant, qwe | 2022 | $24,548 |
| Santa Barbara Foundation | Employment, job related | 2021 | $10,000 |
| Network For Good Inc | Unrestricted | 2021 | $6,355 |
| Santa Barbara Foundation | Workforce development | 2020 | $25,000 |
| Network For Good Inc | Unrestricted | 2020 | $6,773 |
| Donor Advised Charitable Giving | Human services | 2019 | $10,000 |
| Network For Good Inc | Unrestricted | 2018 | $5,155 |
| Santa Barbara Foundation | Education and youth development | 2017 | $5,000 |
| Santa Barbara Foundation | As matching funds to purchase additional specialized equipment for the development of the sensory integration program | 2014 | $4,000 |
Explore more
Data for Vtc Enterprises (EIN 95-2690539) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.