Fop of Virginia Foundation

Analysis

Fop of Virginia Foundation is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fop of Virginia Foundation reported income of $139k and spending of $27k, leaving 80% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $67k to $139k (+108%), an average of +108% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fop of Virginia Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Friens of Homestead National Monument of America ($139k), Bamboo Ridge Press ($139k) and Historic Downtown District of Crystal Lake Inc ($139k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $326k against liabilities of $0, net assets of $326k.