Victoria College Foundation Inc

Analysis

Victoria College Foundation Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in March 1980, 46 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Victoria College Foundation Inc reported income of $3.5m and spending of $1.4m, leaving 61% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $5.3m to $3.5m (-35%), an average of -13% a year. The sharpest change came in the year to August 2021, when income dropped by 36%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Victoria College Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include United Philanthropy Forum ($3.5m), Chicago Blackhawks Foundation ($3.5m) and Loring Wolcott & Coolidge Charitable TR - I ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $22.6m against liabilities of $68k, net assets of $22.5m.