Home Builders Association of Virginia Educational Foundation

Analysis

Home Builders Association of Virginia Educational Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2023, Home Builders Association of Virginia Educational Foundation reported income of $62k and spending of $25k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $54k to $62k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 1099%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Builders Association of Virginia Educational Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Autism Society of Nebraska ($62k), Naperville Central High School Athletic Boosters Club ($62k) and Wax Family Fund ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.