Community Foundation of the New River Valley Inc

Analysis

Community Foundation of the New River Valley Inc is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of the New River Valley Inc reported income of $2.4m and spending of $1.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the New River Valley Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Saferstein Family Charitable ($2.4m), National Christian Charitable Foundation Inc ($2.4m) and Window Ledge Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $92k (6.8% of expenses). Other salaries and wages came to $156k. At year end it held assets of $16.7m against liabilities of $33k, net assets of $16.7m. It reported 4 employees.