Vogel Alcove Foundation

Analysis

Vogel Alcove Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vogel Alcove Foundation reported income of $273k and spending of $7,330, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $196k to $273k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 329% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vogel Alcove Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Wellspring Community Harvest Inc ($273k), Starkey Foundation Inc ($273k) and Missouri Inclusive Housing Development Corporation ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $10.1m against liabilities of $0, net assets of $10.1m.