V G C Foundation

Analysis

V G C Foundation is a registered charity in United States, based in Edgartown, MA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, V G C Foundation reported income of $162k and spending of $57k, leaving 65% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $115k to $162k (+41%), an average of +8.9% a year. The sharpest change came in the year to May 2020, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, V G C Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Bobby Norris Roundup ($162k), Chris Dudley Foundation ($162k) and Shared Space for All ($161k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $373k against liabilities of $0, net assets of $373k.