Virginia Pharmaceutical Assoc Research Education Foundation Inc

Analysis

Virginia Pharmaceutical Assoc Research Education Foundation Inc is a registered charity in United States, based in North Chesterfield, VA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Virginia Pharmaceutical Assoc Research Education Foundation Inc reported income of $60k and spending of $75k, spending 124% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $78k to $60k (-23%), an average of -6.2% a year. The sharpest change came in the year to April 2020, when income rose by 98%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Pharmaceutical Assoc Research Education Foundation Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Pleasant Valley Hospital Auxiliary ($60k), Flight to the North Pole Inc ($60k) and Illinois Physical Therapy Foundation ($60k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 57% and program service revenue 48% of the total. At year end it held assets of $1.3m against liabilities of $8,661, net assets of $1.2m.