Southside Virginia Communtiy College Foundation Inc

Analysis

Southside Virginia Communtiy College Foundation Inc is a registered charity in United States, based in Alberta, VA. It received its IRS tax-exemption ruling in May 1982, 44 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, Southside Virginia Communtiy College Foundation Inc reported income of $2.1m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.1m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside Virginia Communtiy College Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Sussex School Inc ($2.1m), Conway Christian School ($2.1m) and Demons Unlimited Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $8.4m against liabilities of $416k, net assets of $8.0m.