Virginia Health Care Foundation

Analysis

Virginia Health Care Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Health Care Foundation reported income of $10.5m and spending of $10.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.7m to $10.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Health Care Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Sparrow Specialty Hospital ($10.5m), Gillette Childrens Hospital Foundation ($10.5m) and Aliviane Inc ($10.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $226k (2.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $26.7m against liabilities of $5.8m, net assets of $20.8m. It reported 17 employees.