Vada Charitable Foundation Inc

Analysis

Vada Charitable Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2004, 22 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 June 2023, Vada Charitable Foundation Inc reported income of $95k and spending of $52k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $77k to $95k (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vada Charitable Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include United Supreme Council Charitable Foundation Inc ($95k), Gold Country Fair Heritage Foundation Inc ($95k) and Educational Enrichment Foundation for the Arts ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $42k. At year end it held assets of $679k against liabilities of $8,550, net assets of $670k.