Piedmont Virginia Community College Educational Foundation

Analysis

Piedmont Virginia Community College Educational Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piedmont Virginia Community College Educational Foundation reported income of $1.7m and spending of $3.0m, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $1.7m (-60%), an average of -21% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piedmont Virginia Community College Educational Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Georgia Lions Lighthouse Foundation Inc ($1.7m), American Academy of Allergy Asthma & Immunology Foundation Inc ($1.7m) and Bookspring ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $85k (2.8% of expenses). Other salaries and wages came to $156k. At year end it held assets of $29.2m against liabilities of $248k, net assets of $28.9m.