Vision for Tomorrow Foundation

Analysis

Vision for Tomorrow Foundation is a registered charity in United States, based in Lagrange, IL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Vision for Tomorrow Foundation reported income of $56k and spending of $90k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $56k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vision for Tomorrow Foundation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include B Cured Inc ($56k), Be Brave Inc ($56k) and Foundation of Collier County Medical Society Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $342k against liabilities of $70k, net assets of $271k.

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.