Virginia Commonwealth University Real Estate Foundation

Analysis

Virginia Commonwealth University Real Estate Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Virginia Commonwealth University Real Estate Foundation reported income of $10.2m and spending of $7.5m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $10.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Commonwealth University Real Estate Foundation sits at the 93rd percentile: it is larger than about 93% 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 Buffalo United Charter School ($10.2m), First State Montessori Academy Inc ($10.2m) and United Charter High School for Advanced Math and Science ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $98.4m against liabilities of $47.0m, net assets of $51.5m.