Philanthropy & Grantmaking
(T30)
990 on File
VELA EDUCATION FUND
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$18.9M
Total Revenue
$11.5M
Total Expenses
$18.5M
Net Assets
9
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.4%
Fundraising Efficiency
N/A
Operating Reserve
19.34x
Liability-to-Asset
13.8%
Revenue Diversification
95.9%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $18.9M | $11.5M | $18.5M | 88.4% | 9 |
| 2023 | $18.5M | $13.6M | $10.4M | 98.8% | 8 |
| 2022 | $16.1M | $15.0M | $5.5M | 99.3% | 9 |
| 2021 | $26.5M | $10.0M | N/A | — | 4 |
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