V B R Foundation Inc

Analysis

V B R Foundation Inc is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in May 1990, 36 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, V B R Foundation Inc reported income of $1.6m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. 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, V B R Foundation Inc 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 85th percentile within CA. Charities of a similar size with the same main cause include Miles Foundation Service Corporation ($1.6m), Aspen Historical Society ($1.6m) and Saint Thomas Rutherford Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $325k (20% of expenses). Other salaries and wages came to $98k. At year end it held assets of $374k against liabilities of $164k, net assets of $210k. It reported 10 employees.