The Medarva Foundation

Analysis

The Medarva Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Medarva Foundation reported income of $174k and spending of $151k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $560k to $174k (-69%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Medarva Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Dover Rotary Charities ($174k), Dallas Community Foundation ($174k) and Gig Harbor Rotary Foundation ($174k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $257k against liabilities of $197k, net assets of $60k.