Bolling Haxall House Foundation

Analysis

Bolling Haxall House Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 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 April 2023, Bolling Haxall House Foundation reported income of $549k and spending of $328k, leaving 40% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $220k to $549k (+150%), an average of +26% a year. The sharpest change came in the year to April 2021, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bolling Haxall House Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Summit Educational Foundation Inc ($549k), Los Gatos Museum Association ($549k) and Don Babin Evangelistic Association Inc ($549k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $63k. At year end it held assets of $3.4m against liabilities of $5,795, net assets of $3.4m.