MV Vision Fellowship Fund

Analysis

MV Vision Fellowship Fund is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, MV Vision Fellowship Fund reported income of $60k and spending of $448k, spending 750% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.3m to $60k (-98%), an average of -63% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MV Vision Fellowship Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Red Bank Library Foundation a New Jersey Nonprofit Corporation ($60k), Condon Scholarship Foundation ($60k) and Thomas Balch Library Endowment Foundation ($60k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $53k (12% of expenses). Other salaries and wages came to $2,807. At year end it held assets of $6.6m against liabilities of $24k, net assets of $6.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.