Vir Fidelis Fund

Analysis

Vir Fidelis Fund is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Vir Fidelis Fund reported income of $429k and spending of $1.5m, spending 356% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $736k to $429k (-42%), an average of -13% a year. The sharpest change came in the year to August 2020, when income rose by 201%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vir Fidelis Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Davis Parent Nursery School Association ($429k), Watts Learning Center Inc ($429k) and Friends of Bell School ($429k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.8m against liabilities of $42k, net assets of $3.7m.