Vertuassets Foundation Inc

Analysis

Vertuassets Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in June 2018, 8 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, Vertuassets Foundation Inc reported income of $4.9m and spending of $11.8m, spending 238% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.8m to $4.9m (+3.0%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 288%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vertuassets Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Boston Bruins Charitable Foundation Inc ($4.9m), Pat Tillman Foundation ($4.9m) and Earth Innovation Institute ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $16.3m against liabilities of $90k, net assets of $16.2m.