College Ministries of Virginia

Analysis

College Ministries of Virginia is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in October 2008, 18 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, College Ministries of Virginia reported income of $350k and spending of $386k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $368k to $350k (-4.8%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, College Ministries of Virginia sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include National Charistian Charitable Foundation Inc ($350k), Bonne Terre Helping Hand Ministries ($350k) and The Heron Fund ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $238k. At year end it held assets of $406k against liabilities of $297k, net assets of $109k. It reported 8 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.