VWD Connect Foundation Inc

Analysis

VWD Connect Foundation Inc is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2022, VWD Connect Foundation Inc reported income of $440k and spending of $315k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $302k to $440k (+46%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, VWD Connect Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include The Luke Clinic ($440k), Beaming Incorporated ($440k) and Roaring Adventures Inc ($440k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $385k against liabilities of $25k, net assets of $360k. It reported 1 employees.