Vip Education Fund

Analysis

Vip Education Fund is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Vip Education Fund reported income of $87k and spending of $43k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $135k to $87k (-36%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vip Education Fund sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within AZ. Charities of a similar size with the same main cause include Pittsburg Area Chamber Foundation ($87k), Sustain Floyd Foundation Inc ($87k) and Eky Heritage Foundation Inc ($87k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $70k against liabilities of $1,694, net assets of $69k.