Vasari Cares Foundation

Analysis

Vasari Cares Foundation is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in December 2017, 9 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, Vasari Cares Foundation reported income of $61k and spending of $54k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $61k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vasari Cares Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include TVL 11 Foundation Inc ($61k), Harrisburg Rotary Foundation ($61k) and Abltc Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.