Virginia Tech Real Estate FDN

Analysis

Virginia Tech Real Estate FDN is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in August 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 June 2023, Virginia Tech Real Estate FDN reported income of $21.0m and spending of $12.9m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.9m to $21.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Tech Real Estate FDN 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 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Connecticut Junior Republic Association Inc ($21.0m), Futures Without Violence ($21.0m) and Arc of New Jersey Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $396k. At year end it held assets of $319.5m against liabilities of $206.6m, net assets of $113.0m.