The Vinacapital Foundation

Analysis

The Vinacapital Foundation is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Vinacapital Foundation reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.3m (-6.8%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Vinacapital Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include International Legal Foundation Ltd ($2.3m), Lift Up the Vulnerable Inc ($2.3m) and Open Supply Hub Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $164k, net assets of $1.8m. It reported 28 employees.

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.