Philanthropic Venture Fund of Thegreater Virginia Peninsula Inc

Analysis

Philanthropic Venture Fund of Thegreater Virginia Peninsula Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Philanthropic Venture Fund of Thegreater Virginia Peninsula Inc reported income of $62k and spending of $200, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,830 to $62k (+1507%), an average of +1507% a year. The sharpest change came in the year to December 2023, when income rose by 1507%. Over the whole period it spent 6.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropic Venture Fund of Thegreater Virginia Peninsula Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Plainville Rotary Foundation Inc ($62k), Silicon Valley Indian Lions Foundation ($62k) and James D Kinsey Jr Memorial Fund Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.