Virginia Trial Lawyers Foundation Inc

Analysis

Virginia Trial Lawyers Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Virginia Trial Lawyers Foundation Inc reported income of $54k and spending of $25k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $13k to $54k (+307%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virginia Trial Lawyers Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Twin City Kiwanis Foundation of Winston-Salem Inc ($54k), DJR Foundation ($54k) and We the Village ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $373k against liabilities of $0, net assets of $373k.