Community Foundation for Rockbridge Bath and Alleghany

Analysis

Community Foundation for Rockbridge Bath and Alleghany is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Community Foundation for Rockbridge Bath and Alleghany reported income of $1.2m and spending of $644k, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $991k to $1.2m (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 176%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Foundation for Rockbridge Bath and Alleghany 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 Alchemist CDC ($1.2m), Employment and Training Association of Dane County Inc Work Experience ($1.2m) and Bridge Homes Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $23k (3.6% of expenses). At year end it held assets of $9.1m against liabilities of $8,241, net assets of $9.1m. It reported 1 employees.