The Library of Virginia Foundation

Analysis

The Library of Virginia Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Library of Virginia Foundation reported income of $937k and spending of $1.4m, spending 149% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $400k to $937k (+134%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Library of Virginia Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Avon Soccer League Association ($936k), High Desert Christian Academy ($937k) and Hawaii Workers Center ($936k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $119k (8.5% of expenses). Other salaries and wages came to $224k. It paid $234k in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $174k, net assets of $5.9m. It reported 7 employees.