Vitae Foundation

Analysis

Vitae Foundation is a registered charity in United States, based in Jefferson Cty, MO. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, Vitae Foundation reported income of $4.0m and spending of $3.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.0m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vitae Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Ujima Family Recovery Services ($4.0m), Sistercare Inc ($4.0m) and Women Aware Incorporated ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $171k (5.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.8m against liabilities of $261k, net assets of $2.6m. It reported 31 employees.