Vsga-Vip Scholarship Foundation

Analysis

Vsga-Vip Scholarship Foundation is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, Vsga-Vip Scholarship Foundation reported income of $346k and spending of $433k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $346k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vsga-Vip Scholarship Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Three Rivers Ambulance Service ($346k), Little League Baseball Inc ($346k) and Escuela Montessori de Montopolis Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $3.2m against liabilities of $24k, net assets of $3.1m.