Knights of Vartan Charitable Fund

Analysis

Knights of Vartan Charitable Fund is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in July 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Knights of Vartan Charitable Fund reported income of $52k and spending of $126k, spending 241% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $47k to $52k (+13%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 414%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knights of Vartan Charitable Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Super Drews Crew ($52k), Ruth Asawa Fund ($52k) and Howard V Moore Foundation ($52k).

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 $49k against liabilities of $0, net assets of $49k.