Virginia Capital Trail Foundation

Analysis

Virginia Capital Trail Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Virginia Capital Trail Foundation reported income of $612k and spending of $383k, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $333k to $612k (+84%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Capital Trail Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Flathead Valley United SC ($612k), Winthrop Ice & Sports Rink ($612k) and Dallas Cricket League ($612k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $93k (24% of expenses). Other salaries and wages came to $146k. It paid $300 in professional fundraising fees. At year end it held assets of $886k against liabilities of $87k, net assets of $799k. It reported 6 employees.