VSDB Foundation

Analysis

VSDB Foundation is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, VSDB Foundation reported income of $329k and spending of $235k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $329k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 204%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, VSDB Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Cartersville Schools Foundation Inc ($329k), Willow Oak Center for Arts & Learning at Robertson County ($329k) and Wright State University Alumni Association ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Other salaries and wages came to $13k. At year end it held assets of $5.8m against liabilities of $1,196, net assets of $5.8m. It reported 1 employees.