Virginia Biosciences Health Research Corporation

Analysis

Virginia Biosciences Health Research Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover science and technology, 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 2024, Virginia Biosciences Health Research Corporation reported income of $7.9m and spending of $7.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.9m to $7.9m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2024, when income rose by 2089%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Biosciences Health Research Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Alliance for California Traditional Arts ($7.9m), Ridgefield Playhouse for Movies and the Performing Arts Inc ($7.9m) and Telugu Association of North America Incorporated ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $379k (4.8% of expenses). At year end it held assets of $15.8m against liabilities of $190k, net assets of $15.6m. It reported 2 employees.