The Vellore Christian Medical College Foundation Inc

Analysis

The Vellore Christian Medical College Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1946, 80 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, The Vellore Christian Medical College Foundation Inc reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.5m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Vellore Christian Medical College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include University of Cape Town Fund Inc ($2.5m), American Jesuits International Inc ($2.5m) and Foundation for Management Education in Central America ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $224k (10% of expenses). Other salaries and wages came to $196k. At year end it held assets of $11.0m against liabilities of $293k, net assets of $10.7m. It reported 6 employees.