Joseph B Vandervelden Foundation

Analysis

Joseph B Vandervelden Foundation is a registered charity in United States, based in Forest Grove, OR. It received its IRS tax-exemption ruling in March 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph B Vandervelden Foundation reported income of $53k and spending of $179k, spending 342% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $53k (-71%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 984%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph B Vandervelden Foundation 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 20th percentile, and in the 18th percentile within OR. Charities of a similar size with the same main cause include Ruth Asawa Fund ($52k), Apff Charitable Fund Inc ($53k) and Knights of Vartan Charitable Fund ($52k).

Compensation of current officers, directors and key employees was $12k (6.7% of expenses). At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.