The Community Foundation for Northern Virginia Inc

Analysis

The Community Foundation for Northern Virginia Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Community Foundation for Northern Virginia Inc reported income of $10.9m and spending of $10.0m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $14.7m to $10.9m (-25%), an average of -9.3% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation for Northern Virginia Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include United Way of the Chattahoochee Valley Inc ($10.9m), Eau Claire Community Foundation ($11.0m) and The Community Foundation ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $251k (2.5% of expenses). Other salaries and wages came to $795k. At year end it held assets of $90.6m against liabilities of $409k, net assets of $90.2m. It reported 13 employees.