Central Virginia Regional Library

Analysis

Central Virginia Regional Library is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Central Virginia Regional Library reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $911k to $1.4m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Virginia Regional Library sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include K-Love & Air1 Foundation ($1.4m), Association of Fraternal Leadership & Values ($1.4m) and Kradwell School Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $581k. At year end it held assets of $224k against liabilities of $46k, net assets of $178k. It reported 21 employees.