Vermillion Public Schools Foundation

Analysis

Vermillion Public Schools Foundation is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Vermillion Public Schools Foundation reported income of $502k and spending of $255k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $608k to $502k (-18%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income rose by 267%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermillion Public Schools Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within SD. Charities of a similar size with the same main cause include Huan-Yu Education Center Inc ($502k), Banner Learning Corp - Chicago ($502k) and Mt Erie Christian Academy Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $19k (7.3% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.