Veritas Vinum Foundation

Analysis

Veritas Vinum Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Veritas Vinum Foundation reported income of $163k and spending of $2.9m, spending 1798% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.9m to $163k (-97%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 97%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veritas Vinum Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Friends of SJF Inc ($163k), Ten Thousand Villages of Nashville Inc ($163k) and Rivertowns Village Green Inc ($163k).

At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.