VC Medical Endowment TR

Analysis

VC Medical Endowment TR is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in December 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 iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, VC Medical Endowment TR reported income of $111k and spending of $1.3m, spending 1149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $665k to $111k (-83%), an average of -36% a year. The sharpest change came in the year to June 2020, when income rose by 224%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, VC Medical Endowment TR sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within SD. Charities of a similar size with the same main cause include Wilton Rocks for Food ($111k), Scenic Charitable Fund Inc ($111k) and Auxiliary of Big Oak Ranch Inc ($110k).

At year end it held assets of $17.7m against liabilities of $15.9m, net assets of $1.7m.