Virginia Hospital Center Foundation

Analysis

Virginia Hospital Center Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Virginia Hospital Center Foundation reported income of $1.5m and spending of $2.6m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Hospital Center Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Believe in a Cure Inc ($1.5m), Pathway to Recovery Counseling and Educational Services ($1.5m) and Reach for Tomorrow Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $431k (16% of expenses). Other salaries and wages came to $697k. It paid $255k in professional fundraising fees. At year end it held assets of $7.6m against liabilities of $11.4m, net assets of -$3.8m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.