Virginia Baptist Homes Foundation Inc

Analysis

Virginia Baptist Homes Foundation Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 December 2023, Virginia Baptist Homes Foundation Inc reported income of $6.4m and spending of $1.1m, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $6.4m (+330%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Baptist Homes Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Pwa Coalition of Dallas Inc ($6.4m), University of Maryland Baltimore Washington Medical System Inc ($6.4m) and Council for Relationships Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $525k. At year end it held assets of $30.8m against liabilities of $9.8m, net assets of $21.0m.