Council for Rural Virginia

Analysis

Council for Rural Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Council for Rural Virginia reported income of $167k and spending of $136k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $167k (+140%), an average of +140% a year. The sharpest change came in the year to June 2023, when income rose by 140%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Council for Rural Virginia sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Fredericksburg Rotary Club Foundation Inc ($167k), Custer Economic Development Corp ($167k) and Salem Area Chamber of Commerce ($167k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 41% of the total. At year end it held assets of $185k against liabilities of $100k, net assets of $85k.