Lions of Virginia Foundation Inc 5004 Colonial Ave SW Roanoke Va

Analysis

Lions of Virginia Foundation Inc 5004 Colonial Ave SW Roanoke Va is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lions of Virginia Foundation Inc 5004 Colonial Ave SW Roanoke Va reported income of $651k and spending of $325k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $256k to $651k (+154%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 336%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions of Virginia Foundation Inc 5004 Colonial Ave SW Roanoke Va sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Dudley Womans Club ($651k), Community Assistance and Mentoring Program Incorporated ($651k) and Uncle Jerrys Farms Inc ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $3.2m against liabilities of $21k, net assets of $3.2m.