Varsity Collective Charitable Fund Inc is a 501(c)(3) organization based in Madison, Wisconsin, registered in 2022, with $4,283,284 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$4.3M
▲ 23.1% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$2.2M
Net assets
$2.6M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Varsity Collective Charitable Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Varsity Collective Charitable Fund Inc: 14 mo reserves · +48% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Varsity Collective Charitable Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Varsity Collective Charitable Fund Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $3.5M (FY2022) to $4.3M (FY2023) across 2 reported years.
Financial snapshot
Operating margin
48.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8M
Total liabilities
$205K
Net assets
$2.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,283,284▲23.1% | $2,225,771▼24.5% | $2,587,992▲388% | $2,792,913▲247% | 990 |
| 2022 | $3,479,554 | $2,949,075 | $530,479 | $805,565 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
14 grants to Varsity Collective Charitable Fund Inc totaling $443K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Horizons | Public, societal benefit | 2024 | $50,000 |
| Bradley Impact Fund Inc | General operating support. | 2024 | $15,000 |
| American Gift Fund | Operations | 2024 | $7,500 |
| American Online Giving Foundation Inc | General support | 2024 | $6,743 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $234,250 |
| The Community Foundation of Louisville Inc | T30 public foundations | 2023 | $50,000 |
| National Philanthropic Tr | Human services | 2023 | $12,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $10,000 |
| Bradley Impact Fund Inc | General operating support. | 2023 | $10,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2023 | $6,800 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $15,000 |
| Goldman Sachs Charitable Gift Fund | Scholarships & financial aid | 2022 | $10,000 |
| American Endowment Foundation | General operating support | 2022 | $5,000 |
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Data for Varsity Collective Charitable Fund Inc (EIN 88-2810939) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.