Charlottesville Area Community Foundation

Analysis

Charlottesville Area Community Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1989, 37 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 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 December 2023, Charlottesville Area Community Foundation reported income of $29.2m and spending of $30.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $29.2m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlottesville Area Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Foundation for Appalachian Ohio ($29.0m), Greater Green Bay Community Foundation Inc ($29.8m) and Jewish Federation of Greater Metrowest NJ ($28.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $306k (1.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $297.5m against liabilities of $43.8m, net assets of $253.7m. It reported 19 employees.