Verbena Foundation Inc

Analysis

Verbena Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 2014, 12 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, Verbena Foundation Inc reported income of $291k and spending of $281k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $291k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Verbena Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Catalyst Holding Company ($291k), Hope for the Harvest Ministries ($291k) and Sri Sambha Sathasiva Vidya Peetham ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $136k (48% of expenses). At year end it held assets of $403k against liabilities of $0, net assets of $403k. It reported 1 employees.