Vai Foundation Inc

Analysis

Vai Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 June 2023, Vai Foundation Inc reported income of $608k and spending of $390, leaving 100% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $36k to $608k (+1610%), an average of +103% a year. The sharpest change came in the year to June 2023, when income rose by 1269%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vai Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Mount Sopris Nordic Council Inc ($608k), Asbestos Workers Local 24 Apprentice Fund ($608k) and Haygood-Neal Garden Apartments Inc ($608k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $56k, net assets of -$13k.