Richard E Vandervoort Memorial Scholarship Fund Inc

Analysis

Richard E Vandervoort Memorial Scholarship Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1990, 36 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, Richard E Vandervoort Memorial Scholarship Fund Inc reported income of $134k and spending of $157k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $134k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 410%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard E Vandervoort Memorial Scholarship Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Western Springs Foundation for Education Excellence ($134k), The We Project ($134k) and Downtown Music at Grace Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $29k. It paid $34k in professional fundraising fees. At year end it held assets of $711k against liabilities of $0, net assets of $711k.