The Virtue Foundation

Analysis

The Virtue Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Virtue Foundation reported income of $802k and spending of $478k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $802k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Virtue Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Vermont Council on World Affairs Inc ($802k), IX Art Park Foundation ($802k) and Chandler Education Foundation Inc ($802k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 123% of the total. Other salaries and wages came to $122k. At year end it held assets of $4.2m against liabilities of $3,838, net assets of $4.2m. It reported 2 employees.