Virginia Home for Boys and Girls

Analysis

Virginia Home for Boys and Girls is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in November 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 2024, Virginia Home for Boys and Girls reported income of $7.5m and spending of $7.1m, spending 94% of its income. Across the 6 years on record, from September 2019 to June 2024, income grew from $7.3m to $7.5m (+2.7%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia Home for Boys and Girls 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 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Loaves & Fishes Family Kitchen ($7.5m), Economic Council Helping Others Inc ($7.5m) and Safe House Ministries Inc ($7.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $343k (4.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $11.0m against liabilities of $444k, net assets of $10.5m. It reported 104 employees.