Southwest Virginia Public Education Foundation Inc

Analysis

Southwest Virginia Public Education Foundation Inc is a registered charity in United States, based in Wise, VA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 December 2023, Southwest Virginia Public Education Foundation Inc reported income of $172k and spending of $55k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $172k (+162%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Virginia Public Education Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Joseph Richey House Inc ($172k), Canton Youth Soccer Association Inc ($172k) and United Fund of Randolph County ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $799k against liabilities of $0, net assets of $799k.