Virginia Home

Analysis

Virginia Home is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Virginia Home reported income of $30.9m and spending of $22.3m, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $15.2m to $30.9m (+103%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Home sits at the 91st percentile: it is larger than about 91% 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 Fall River Health Services ($30.9m), Gateway Healthcare Inc ($30.9m) and Apis Services Inc ($30.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.5m (6.6% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $128.4m against liabilities of $10.0m, net assets of $118.4m. It reported 296 employees.