Community Foundation of the Northern Shenandoah Valley

Analysis

Community Foundation of the Northern Shenandoah Valley is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in June 2002, 24 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, Community Foundation of the Northern Shenandoah Valley reported income of $1.9m and spending of $729k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $900k to $1.9m (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Northern Shenandoah Valley sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Mary L and William J Osher Foundation ($1.9m), The Moonridge Foundation ($1.9m) and Zach Johnson Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $62k (8.4% of expenses). Other salaries and wages came to $17k. At year end it held assets of $15.3m against liabilities of $2.6m, net assets of $12.7m. It reported 4 employees.