Versailles Foundation Inc

Analysis

Versailles Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1971, 55 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, Versailles Foundation Inc reported income of $875k and spending of $1.4m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $900k to $875k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Versailles Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Hope Ignites New Orleans ($874k), Road Runners Club of Awmerica ($875k) and Nami Kansas Inc ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $183k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $12.4m against liabilities of $20k, net assets of $12.4m. It reported 2 employees.