Jobs for Virginia Graduates Inc

Analysis

Jobs for Virginia Graduates Inc is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Jobs for Virginia Graduates Inc reported income of $2.7m and spending of $2.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $825k to $2.7m (+223%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 150%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jobs for Virginia Graduates Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Civil Survival Project ($2.7m), Golden Rule Industries of Muskogee Inc ($2.7m) and Greater Green Bay Chamber of Commerce Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $131k (5.4% of expenses). Other salaries and wages came to $192k. At year end it held assets of $847k against liabilities of $111k, net assets of $737k. It reported 4 employees.