Virginia Community Development Corp

Analysis

Virginia Community Development Corp is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Virginia Community Development Corp reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.9m (-2.1%), an average of -0.5% a year. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Virginia Community Development Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.9m), The Delores Project ($2.9m) and Family Extended Care of Sebring ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $7.8m against liabilities of $148k, net assets of $7.6m. It reported 22 employees.