Vtec Scholarship Foundation

Analysis

Vtec Scholarship Foundation is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vtec Scholarship Foundation reported income of $66k and spending of $54k, spending 81% of its income. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vtec Scholarship Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Hardy Elementary School PTO ($66k), U S Naval Sea Cadet Foundation Inc ($66k) and Southwest Christian Education Inc ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 110% and program service revenue 19% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.