Very Important Projects Fund

Analysis

Very Important Projects Fund is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Very Important Projects Fund reported income of $211k and spending of $200k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $297k to $211k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Very Important Projects Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 50th percentile within DE. Charities of a similar size with the same main cause include Youth of Samoa Seattle ($211k), Coach G Academy Inc ($211k) and Advantage Youth Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $86k against liabilities of $2,161, net assets of $84k.