Shenandoah Community Capital Fund I NC

Analysis

Shenandoah Community Capital Fund I NC is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in May 2008, 18 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 (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 2023, Shenandoah Community Capital Fund I NC reported income of $1.2m and spending of $1.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $178k to $1.2m (+549%), an average of +60% a year. The sharpest change came in the year to June 2021, when income rose by 203%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shenandoah Community Capital Fund I NC sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Potter County Educational Council Inc ($1.2m), Metromorphosis ($1.2m) and Plymouth Parc Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $102k (8.3% of expenses). Other salaries and wages came to $495k. At year end it held assets of $776k against liabilities of $521k, net assets of $255k. It reported 12 employees.