Virginia Mae King Foundation

Analysis

Virginia Mae King Foundation is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Mae King Foundation reported income of $179k and spending of $163k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,478 to $179k (+7123%), an average of +7123% a year. The sharpest change came in the year to December 2023, when income rose by 7123%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Mae King Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Four Way Ambulance Emergency Service Inc ($179k), Shared Beat ($179k) and Listening the Barre Integrated Health Center Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.