Verbiest Foundation

Analysis

Verbiest Foundation is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Verbiest Foundation reported income of $76k and spending of $105k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $76k (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Verbiest Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Adonai Ministries ($75k), Islamic League of Georgia ($76k) and Love in the Name of Christ of Greator Canton ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.