Virginia Ffa Foundation Inc

Analysis

Virginia Ffa Foundation Inc is a registered charity in United States, based in Weyers Cave, VA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Virginia Ffa Foundation Inc reported income of $445k and spending of $435k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $445k (+147%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia Ffa Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Shoshoni Senior Citizens Inc ($445k), Rainbow Kitchen Community Services ($445k) and Psi Services of Indiana Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $48k (11% of expenses). Other salaries and wages came to $3,733. At year end it held assets of $2.8m against liabilities of $298k, net assets of $2.5m. It reported 3 employees.