Vinton Community Foundation

Analysis

Vinton Community Foundation is a registered charity in United States, based in Vinton, IA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 2022, Vinton Community Foundation reported income of $60k and spending of $45k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $55k to $60k (+10%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vinton Community Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Little League Baseball Inc ($60k), Society of Saint Vincent de Paul in the Archdiocese of Boston ($60k) and PTA New Jersey Congress of Parents & Teachers ($60k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $6,215 (14% of expenses). At year end it held assets of $627k against liabilities of $0, net assets of $627k.