Valero Energy Foundation

Analysis

Valero Energy Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 1999, 27 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 September 2023, Valero Energy Foundation reported income of $10.3m and spending of $11.0m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $28.2m to $10.3m (-63%), an average of -22% a year. The sharpest change came in the year to September 2020, when income dropped by 76%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Valero Energy Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Social Impact Fund ($10.3m), St Louis Community Foundation ($10.3m) and Wayne County Community Foundation ($10.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 220% of the total. At year end it held assets of $18.1m against liabilities of $10.1m, net assets of $8.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.