CSCharityScored
76

Vela Institute Inc

Education · Boone, North Carolina

237 Chestnut Hill Dr, Boone, NC 28607-8023

EIN: 822827429· Founded: Jun 2018· 8 years active· Filing Year: 2023

Annual Revenue

$1.2M

Total Expenses

$1.2M

Total Assets

$55K

Program Spending

94%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$126K

10.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$706K

Total Payroll

$832K

67% of total expenses

Where the Money Goes

94%
Programs: 94%
Payroll: 67%
Other overhead: 6%
Program Revenue$1.2M (100%)
Total Expenses$1.2M (100%)
Payroll$832K (67%)
Overhead (non-program)6%

Trust Score Breakdown

Program Spending Ratio

94% of expenses go to programs

40%

Revenue & Stability

$1.2M annual revenue

15%

Executive Compensation

$126K total officer comp (10.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$55K in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.