Verland Endowment

Analysis

Verland Endowment is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verland Endowment reported income of $656k and spending of $670k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $656k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 810%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Verland Endowment 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 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Bittersweet Autism Foundation Inc ($656k), Impact San Antonio Foundation Incorporated ($656k) and Rosa Mystica ($656k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% of the total. At year end it held assets of $15.6m against liabilities of $15, net assets of $15.6m.