Vad Foundation

Analysis

Vad Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2008, 18 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 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, Vad Foundation reported income of $134k and spending of $94k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $134k (+156%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 2871%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vad Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Wounded Warrior Courage & Sacrifice Inc ($134k), Brazoswood Band Booster Club Inc ($134k) and 19 for Life Foundation ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.