Vinnova

Analysis

Vinnova is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 2019, 7 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 2023, Vinnova reported income of $63k and spending of $1,688, leaving 97% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $504k to $63k (-87%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 4011%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vinnova sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within OR. Charities of a similar size with the same main cause include Ahf Home Office Inc ($63k), Flourtown Center Inc ($63k) and Evelyn S BFF Breast Friends Forever Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.