Orthopaedic Research of Virginia

Analysis

Orthopaedic Research of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Orthopaedic Research of Virginia reported income of $241k and spending of $588k, spending 244% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $241k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Orthopaedic Research of Virginia sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Rockbridge Community Health Foundation ($241k), Abc Life Center Incorporated ($241k) and Small Miracles Therapeutic Equestrian Center Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 0.7% of the total. Other salaries and wages came to $399k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.