The Varkey Charitable Foundation Inc

Analysis

The Varkey Charitable Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Varkey Charitable Foundation Inc reported income of $87k and spending of $49k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $87k (-0.9%), an average of -0.9% a year. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Varkey Charitable Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Health Care Is a Human Right Inc ($87k), Galilee Foundation ($87k) and Friends of Hospice of Jefferson County ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.