Vita Valens Foundation Inc

Analysis

Vita Valens Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vita Valens Foundation Inc reported income of $200k and spending of $135k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $200k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 34780%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vita Valens Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Black Feather Foundation ($200k), Allatoona Buccaneer Dugout Club Inc ($200k) and Richard & Letitia Defillo I Care Foundation Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $391k against liabilities of $0, net assets of $391k. It reported 4 employees.