Jack Vasel Memorial Fund Limited

Analysis

Jack Vasel Memorial Fund Limited is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jack Vasel Memorial Fund Limited reported income of $62k and spending of $81k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $62k (-23%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jack Vasel Memorial Fund Limited sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Escape From Poverty ($62k), Cass Lake Area Food Shelf ($62k) and Cancer Crackdown Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $271k against liabilities of $0, net assets of $271k.