Virginia Early Childhood Foundation

Analysis

Virginia Early Childhood 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 education, which this site groups under education and training. 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, Virginia Early Childhood Foundation reported income of $69.3m and spending of $68.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.2m to $69.3m (+467%), an average of +78% a year. The sharpest change came in the year to June 2021, when income rose by 165%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Early Childhood Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Freed-Hardeman University ($69.3m), Lifelong Learning Administration Corporation ($69.4m) and Northfield Mount Hermon School ($69.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $283k (0.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $19.9m against liabilities of $16.3m, net assets of $3.6m. It reported 23 employees.