Vance Memorial Fund

Analysis

Vance Memorial Fund is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vance Memorial Fund reported income of $95k and spending of $111k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $186k to $95k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vance Memorial Fund sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include PRC Learning Center Inc ($95k), Irving Police Association Benefits Inc ($95k) and East-West Philanthropy Forum ($95k).

Compensation of current officers, directors and key employees was $24k (21% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.