Friends of Vincent Foundation Inc

Analysis

Friends of Vincent Foundation Inc is a registered charity in United States, based in Merrill, WI. It received its IRS tax-exemption ruling in August 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 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 December 2023, Friends of Vincent Foundation Inc reported income of $120k and spending of $81k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $120k (-9.4%), an average of -9.4% a year. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Vincent Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Centurions of Kendall County Inc ($120k), Lakeview Polar Bear Club NFP ($120k) and Aderet Eliyahu Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.5% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.