Henrico County Vocational Technical Education Foundation Inc

Analysis

Henrico County Vocational Technical Education Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Henrico County Vocational Technical Education Foundation Inc reported income of $105k and spending of $29k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $58k to $105k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income dropped by 2958%. Over the whole period it spent -118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henrico County Vocational Technical Education Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Wentzville Band Boosters ($105k), Chichester Baseball League ($105k) and Women of Quail Creek ($105k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.