Caristas VL Foundation

Analysis

Caristas VL Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2022, 4 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, Caristas VL Foundation reported income of $340k and spending of $27k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $340k (+419%), an average of +419% a year. The sharpest change came in the year to December 2023, when income rose by 419%. Over the whole period it spent 6.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caristas VL Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Hill Country Charity Ball Association Incorporated ($340k), Hebrew Free Loan Association of Pittsburgh Pennsylvania ($340k) and Live Love Nashville ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $379k against liabilities of $0, net assets of $379k.