Variety Care Foundation Inc

Analysis

Variety Care Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 1960, 66 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Variety Care Foundation Inc reported income of $1.5m and spending of $1.3m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.5m (-12%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Variety Care Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Pathway to Recovery Counseling and Educational Services ($1.5m), Texas Alcoholism Foundation Inc ($1.5m) and Virginia Hospital Center Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $2.3m against liabilities of $355k, net assets of $2.0m.