Nelson County Community Development Foundation

Analysis

Nelson County Community Development Foundation is a registered charity in United States, based in Lovingston, VA. It received its IRS tax-exemption ruling in April 1986, 40 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 2023, Nelson County Community Development Foundation reported income of $606k and spending of $677k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $379k to $606k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nelson County Community Development Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Leslie J Nickels Testamentary Trust ($606k), Casa of Rock County ($606k) and Roland J Wotring Scholarship Fund ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $133k. At year end it held assets of $2.9m against liabilities of $419k, net assets of $2.4m. It reported 5 employees.