Childrens Home Society of Virginia

Analysis

Childrens Home Society of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Childrens Home Society of Virginia reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home Society of Virginia sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include GSH Inc ($2.0m), The Lighthouse Group Beacon of Hope Inc ($2.0m) and Canyon Creek Womens Crisis Center ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $137k (6.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $201k, net assets of $3.8m. It reported 33 employees.