Verland Foundation Inc

Analysis

Verland Foundation Inc is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verland Foundation Inc reported income of $31.4m and spending of $33.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $31.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Verland Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Life Patterns Inc ($31.4m), Upcap Services Inc ($31.4m) and Wellspring Family Services ($31.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $16.3m. At year end it held assets of $21.0m against liabilities of $19.8m, net assets of $1.2m. It reported 434 employees.