Colonnade Club of the University of Virginia

Analysis

Colonnade Club of the University of Virginia is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in March 1965, 61 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 June 2023, Colonnade Club of the University of Virginia reported income of $993k and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $865k to $993k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colonnade Club of the University of Virginia sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Landmarks Preservation Council ($993k), Three Bears Gift Shop ($993k) and Boy Scouts of America ($993k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $385k. At year end it held assets of $2.0m against liabilities of $140k, net assets of $1.8m. It reported 9 employees.