Central Virginia Community College Educational Foundation Inc

Analysis

Central Virginia Community College Educational Foundation Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Central Virginia Community College Educational Foundation Inc reported income of $1.4m and spending of $823k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $966k to $1.4m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Virginia Community College Educational Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Neighborhood House Charter School Foundation ($1.4m), International Association of Industrial Accident Boards & Commi ($1.4m) and Trinity Christian High School ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $6.2m against liabilities of $4,701, net assets of $6.2m.