Virginia Foundation for the Humanities and Public Policy

Analysis

Virginia Foundation for the Humanities and Public Policy is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Virginia Foundation for the Humanities and Public Policy reported income of $7.2m and spending of $7.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $7.2m (+11%), an average of +2.6% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Foundation for the Humanities and Public Policy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Maine State Music Theatre ($7.2m), Minority Television Project Inc ($7.2m) and Baltimore Childrens Museum Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $186k (2.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $19.7m against liabilities of $7.3m, net assets of $12.4m.