Virginiafirst

Analysis

Virginiafirst 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 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, Virginiafirst reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginiafirst 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 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include The Foundation for Florida Gateway College Inc ($1.1m), Friends of Falun Gong ($1.1m) and Team Read ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $515k. At year end it held assets of $585k against liabilities of $381k, net assets of $204k. It reported 7 employees.