VM Foundation

Analysis

VM Foundation is a registered charity in United States, based in Elk City, OK. It received its IRS tax-exemption ruling in March 2020, 6 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 2020, VM Foundation reported income of $224k and spending of $151k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $283k to $224k (-21%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, VM Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Veda Foundation ($224k), Families Matter Food Pantry Inc ($224k) and Renee Parker Monihan Foundation Inc ($224k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $342k against liabilities of $1,481, net assets of $341k. It reported 1 employees.