Old Dominion Foundation Inc

Analysis

Old Dominion Foundation Inc is a registered charity in United States, based in Lorton, VA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Old Dominion Foundation Inc reported income of $101k and spending of $65k, leaving 36% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $41k to $101k (+148%), an average of +148% a year. The sharpest change came in the year to April 2024, when income rose by 148%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old Dominion Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Friends of Herter Park Inc ($101k), Dyersville Progress Inc ($101k) and J T Mitchell Pre-Apprenticeship Academy ($101k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.