Vertical First Foundation

Analysis

Vertical First Foundation is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in December 2015, 11 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, Vertical First Foundation reported income of $171k and spending of $182k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $228k to $171k (-25%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vertical First Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Children Giving Gifts Inc ($171k), Refresh Ministry Inc ($172k) and Belladonna Sanctuary ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $105k (58% of expenses). Other salaries and wages came to $6,000. At year end it held assets of $50k against liabilities of $2,274, net assets of $48k. It reported 2 employees.

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.