Charlottesville Tomorrow

Analysis

Charlottesville Tomorrow is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 2007, 19 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 December 2023, Charlottesville Tomorrow reported income of $1.0m and spending of $653k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $1.0m (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlottesville Tomorrow sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Joplin Workshops Inc ($1.0m), Chautauqua County Rural Ministries Inc ($1.0m) and Sidney Alive ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $100k (15% of expenses). At year end it held assets of $409k against liabilities of $28k, net assets of $381k. It reported 8 employees.