Vector Industries Foundation

Analysis

Vector Industries Foundation is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vector Industries Foundation reported income of $115k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $115k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 0.0% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vector Industries Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Corry Industrial Benefit Association ($115k), Circle of Life Development Foundation ($115k) and Wipp Education Foundation Inc ($115k).

At year end it held assets of $4.2m against liabilities of $738k, net assets of $3.5m.