Veda Foundation

Analysis

Veda Foundation is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in March 2000, 26 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, Veda Foundation reported income of $224k and spending of $129k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $859k to $224k (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veda Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Renee Parker Monihan Foundation Inc ($224k), VM Foundation ($224k) and Feeding the Fosters Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $148k, net assets of $925k.