Richard Bland College Foundation Inc

Analysis

Richard Bland College Foundation Inc is a registered charity in United States, based in S Prince Geo, VA. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richard Bland College Foundation Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richard Bland College Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include International Association for College Admission Counseling Inc ($1.5m), Ohio Energy Project ($1.5m) and Santa Ynez Valley Christian Academy ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 43% of the total. At year end it held assets of $26.0m against liabilities of $18.4m, net assets of $7.6m.