Central Virginia Governors School Foundation

Analysis

Central Virginia Governors School Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in July 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Central Virginia Governors School Foundation reported income of $320k and spending of $134k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $169k to $320k (+90%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 143%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Virginia Governors School Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Independence High School 76th Cavalry Band Boosters Club ($320k), Connected Polk Inc ($320k) and Piqua Library Assistance and Development Fund ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m.