Visionspring

Analysis

Visionspring is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2002, 24 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 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, Visionspring reported income of $10.5m and spending of $10.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $10.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Visionspring sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Pimco Foundation ($10.4m), Health Management Group Ltd ($10.5m) and Jewish Community Association of Greater Phoenix ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $673k (6.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $29.4m against liabilities of $750k, net assets of $28.6m. It reported 17 employees.