Voom Foundation

Analysis

Voom Foundation is a registered charity in United States, based in College Station, TX. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Voom Foundation reported income of $6.0m and spending of $5.9m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $253k to $6.0m (+2275%), an average of +387% a year. The sharpest change came in the year to December 2023, when income rose by 2476%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Voom Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include 10 Acre Ranch Inc ($6.0m), Pushmataha Family Medical Center Inc ($6.0m) and Life Network ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (1.8% of expenses). Other salaries and wages came to $50k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 2 employees.