VR Foundation Inc

Analysis

VR Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, VR Foundation Inc reported income of $105k and spending of $112k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $105k (-14%), an average of -14% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, VR Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Lees Summit Cares Inc ($105k), Ride 2 Survive - Sullivan County ($105k) and Watauga Residental Development Corporation ($105k).

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 $3,116 against liabilities of $1,500, net assets of $1,616.