Olde Dominion Agricultural Foundation

Analysis

Olde Dominion Agricultural Foundation is a registered charity in United States, based in Chatham, VA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Olde Dominion Agricultural Foundation reported income of $753k and spending of $929k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $753k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olde Dominion Agricultural Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Perkiomen Watershed Conservancy ($753k), Paralyzed Veterans of America ($753k) and Apostolic Christian Church Rest Home ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $216k. At year end it held assets of $7.5m against liabilities of $614k, net assets of $6.9m. It reported 13 employees.