Viroqua Area Foundation

Analysis

Viroqua Area Foundation is a registered charity in United States, based in Viroqua, WI. It received its IRS tax-exemption ruling in November 1989, 37 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, Viroqua Area Foundation reported income of $252k and spending of $179k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $392k to $252k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Viroqua Area 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 58th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include Community Wraparound ($252k), Floatarama Inc ($252k) and Great Southwest Equestrian Foundation ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $1,850 (1.0% of expenses). At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.