Virginia Foundation for Agriculture in the Classroom

Analysis

Virginia Foundation for Agriculture in the Classroom is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Virginia Foundation for Agriculture in the Classroom reported income of $522k and spending of $374k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $320k to $522k (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Foundation for Agriculture in the Classroom sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Hula Preservation Society ($521k), Grace Arts Center Inc ($522k) and Richmond Art Museum Inc ($521k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.3m.