Vmdaec Education Scholarship Foundation

Analysis

Vmdaec Education Scholarship Foundation is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in November 2003, 23 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 December 2023, Vmdaec Education Scholarship Foundation reported income of $148k and spending of $77k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $148k (+12%), an average of +12% a year. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vmdaec Education Scholarship Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Creekview High School Band Boosters Inc ($148k), FCHS Choral Boosters Inc ($148k) and Girls Dream Code ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.