Virginia State University Real Estate Foundation

Analysis

Virginia State University Real Estate Foundation is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia State University Real Estate Foundation reported income of $3.2m and spending of $2.6m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia State University Real Estate Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Scale Education and Research Foundation ($3.2m), Regional Learning Alliance ($3.2m) and Hill School of Fort Worth Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $10.7m against liabilities of $11.9m, net assets of -$1.1m.