Medical Society of Virginia Foundation

Analysis

Medical Society of Virginia Foundation is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Medical Society of Virginia Foundation reported income of $9.9m and spending of $7.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $9.9m (+577%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 233%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Society of Virginia Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Cheney Care Community ($9.9m), South Texas Lighthouse for the Blind ($9.9m) and Uc Health Foundation ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $9.9m against liabilities of $3.2m, net assets of $6.7m. It reported 16 employees.