VLR Foundation

Analysis

VLR Foundation is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, VLR Foundation reported income of $50k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $50k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 0.0% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, VLR Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 15th percentile within MN. Charities of a similar size with the same main cause include Docs 4 Patient Care Foundation ($50k), University Medical Center Candlelighters Inc ($50k) and Give Bak Foundation ($50k).

At year end it held assets of $9.9m against liabilities of $8.6m, net assets of $1.4m.