Virginia Peninsula Community College Educational Foundation

Analysis

Virginia Peninsula Community College Educational Foundation is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Virginia Peninsula Community College Educational Foundation reported income of $5.3m and spending of $1.4m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $5.3m (+220%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 296%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Peninsula Community College Educational Foundation 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 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Suny Polytechnic Institute Auxiliary Services Corporation ($5.3m), Consortium of Universities of the Washington Metropolitan Area ($5.3m) and Scitech Academy ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $248k. At year end it held assets of $16.4m against liabilities of $129k, net assets of $16.3m.