Virginia Turfgrass Foundation

Analysis

Virginia Turfgrass Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 2020, Virginia Turfgrass Foundation reported income of $117k and spending of $33k, leaving 72% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income grew from $92k to $117k (+26%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Turfgrass Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include PTA Arkansas Congress ($117k), Barren River Volunteer Fire Department Inc ($117k) and Augusta Rowing Club Incorporated ($117k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 60% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $16k (49% of expenses). At year end it held assets of $709k against liabilities of $1,126, net assets of $707k.