Vatican Observatory Foundation a Nonprofit Corporation

Analysis

Vatican Observatory Foundation a Nonprofit Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Vatican Observatory Foundation a Nonprofit Corporation reported income of $1.6m and spending of $910k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $615k to $1.6m (+160%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 1017%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vatican Observatory Foundation a Nonprofit Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Gamaliel Foundation ($1.6m), Faith School of Theology ($1.6m) and Sonshine Day Preschool Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.4% of the total. Other salaries and wages came to $237k. At year end it held assets of $3.7m against liabilities of $42k, net assets of $3.7m. It reported 1 employees.