Northern Virginia Community College Educational Foundation Inc

Analysis

Northern Virginia Community College Educational Foundation Inc is a registered charity in United States, based in Annadale, VA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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, Northern Virginia Community College Educational Foundation Inc reported income of $3.8m and spending of $2.6m, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $3.8m (+115%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 385%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Virginia Community College Educational Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Sant Bani School ($3.8m), The Tundra Womens Coalition ($3.8m) and Sacramento Valley Conservancy ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 5.1% of the total. Other salaries and wages came to $477k. At year end it held assets of $35.8m against liabilities of $586k, net assets of $35.2m.