Onevirginia2021 Foundation

Analysis

Onevirginia2021 Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Onevirginia2021 Foundation reported income of $382k and spending of $346k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $371k to $382k (+3.0%), an average of +1.0% a year. The sharpest change came in the year to June 2023, when income rose by 195%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Onevirginia2021 Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Kiwanis Club of Lehigh Acres Foundation Inc ($382k), Skyhook Foundation ($382k) and Upper Manhattan Together Inc ($382k).

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 $99k (29% of expenses). Other salaries and wages came to $43k. At year end it held assets of $41k against liabilities of $0, net assets of $41k. It reported 2 employees.