Vessel Disposal and Reuse Foundation

Analysis

Vessel Disposal and Reuse Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Vessel Disposal and Reuse Foundation reported income of $148k and spending of $131k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $170k to $148k (-13%), an average of -13% a year. Over the whole period it spent 87% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Vessel Disposal and Reuse 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 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Ohara Commons and Sustainability Center Inc ($148k), Albemarle Resource Conservation and Development Council ($148k) and Salt Ponds Coalition Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $4,484, net assets of $46k.