Eastern Virginia Medical School Foundation

Analysis

Eastern Virginia Medical School Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 1970, 56 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 2024, Eastern Virginia Medical School Foundation reported income of $14.7m and spending of $11.7m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.2m to $14.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Virginia Medical School Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Grover Cleveland-Mastery Charter School ($14.7m), McGillis School ($14.7m) and Village Tech Schools ($14.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. Other salaries and wages came to $186k. It paid $46k in professional fundraising fees. At year end it held assets of $184.9m against liabilities of $664k, net assets of $184.2m.