Vision Source Foundation

Analysis

Vision Source Foundation is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in December 2007, 19 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, Vision Source Foundation reported income of $191k and spending of $161k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $191k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vision Source Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Infinite Hope Humanitarian Inc ($191k), Hope 4 Everyone Foundation ($191k) and People Helping People Ministry ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $540k against liabilities of $4,186, net assets of $535k.