United Methodist Family Services of Virginia

Analysis

United Methodist Family Services of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Methodist Family Services of Virginia reported income of $40.7m and spending of $21.8m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.5m to $40.7m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Family Services of Virginia sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Gemma Services ($40.6m), Babcock Center Inc ($40.7m) and Baptist Community Services ($40.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $535k (2.4% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $70.4m against liabilities of $16.2m, net assets of $54.2m. It reported 422 employees.