Vallejo Drive Endowment Inc

Analysis

Vallejo Drive Endowment Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vallejo Drive Endowment Inc reported income of $132k and spending of $85k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $132k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 176%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vallejo Drive Endowment Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Entrepreneurs Scholarship Program ($132k), Mayfair Nursery School ($132k) and Rainbow Dreams Educational Foundation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $2.5m against liabilities of $21k, net assets of $2.5m. It reported 1 employees.