Volosov Family Foundation

Analysis

Volosov Family Foundation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Volosov Family Foundation reported income of $4.6m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.6m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Volosov Family Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include William H and Carrie Gottsche Foundation ($4.6m), Sprouts Healthy Communities Foundation ($4.6m) and School of Government Foundation Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.