The V Foundation

Analysis

The V Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 September 2023, The V Foundation reported income of $47.8m and spending of $50.4m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.5m to $47.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2021, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The V Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Memorial Health Care Systems ($47.8m), Fort Loudoun Medical Center ($47.9m) and Park Center Inc ($47.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1.0m (2.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $99.6m against liabilities of $48.7m, net assets of $50.9m. It reported 76 employees.