Vita Education Foundation

Analysis

Vita Education Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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 Education Foundation reported income of $227k and spending of $240k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $227k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vita Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within AZ. Charities of a similar size with the same main cause include Design Industries Foundation Fighting Aids-Chicago Inc ($227k), The Tree of Life Deliverance Ministry Inc ($227k) and American Forage and Grassland Council ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $159k (66% of expenses). At year end it held assets of $108k against liabilities of $55k, net assets of $52k. It reported 5 employees.