The Virginia Chamber Foundation

Analysis

The Virginia Chamber Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Virginia Chamber Foundation reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $1.7m (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Virginia Chamber Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Montessori Childrens Center Inc ($1.7m), Rwanda Children ($1.7m) and National Bar Institute Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $708k against liabilities of $159k, net assets of $549k.