Central Va Found for Economic Education & Improvement Incorp

Analysis

Central Va Found for Economic Education & Improvement Incorp is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 December 2023, Central Va Found for Economic Education & Improvement Incorp reported income of $79k and spending of $133k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $79k (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 591%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Va Found for Economic Education & Improvement Incorp sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Rosemount Area Arts Council ($79k), Better Middlebury Partnership Inc ($79k) and Sandlott Baseball Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.6m against liabilities of $331k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.