Vapa Foundation

Analysis

Vapa Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Vapa Foundation reported income of $1.1m and spending of $976k, spending 89% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $467k to $1.1m (+135%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 195%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vapa Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include BG Education Management Solutions Inc ($1.1m), Illowa-Sheet Metal Workers Joint Apprenticeship & Training Comm Inc ($1.1m) and American Chinese Christian Educational & Social Services Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $97k (9.9% of expenses). Other salaries and wages came to $36k. At year end it held assets of $655k against liabilities of $472k, net assets of $183k. It reported 2 employees.