Cultivate Charlottesville

Analysis

Cultivate Charlottesville is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Cultivate Charlottesville reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $608k to $1.2m (+100%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 107%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cultivate Charlottesville sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Los Angeles Team Mentoring Inc a Delaware Corporation ($1.2m), Girls Incorporated of Greater Houston ($1.2m) and Boy Scouts of America ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (15% of expenses). Other salaries and wages came to $654k. At year end it held assets of $804k against liabilities of $149k, net assets of $655k. It reported 40 employees.