Vegetus Foundation

Analysis

Vegetus Foundation is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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, Vegetus Foundation reported income of $11.8m and spending of $537k, leaving 95% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $489k to $11.8m (+2311%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 6671%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vegetus Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Valley Healthcare System Inc ($11.8m), New Jersey Association on Correction ($11.8m) and Sisters of Mercy Urgent Care Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. At year end it held assets of $13.2m against liabilities of $0, net assets of $13.2m.