Old Dominion University Real Estate Foundation

Analysis

Old Dominion University Real Estate Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a organisation that tests for public safety under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Old Dominion University Real Estate Foundation reported income of $4.7m and spending of $3.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $4.7m (-3.3%), an average of -0.8% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Dominion University Real Estate Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Concerned Women for America ($4.7m), Safer Corporate Endowment ($4.7m) and Delta Research and Educational Foundation ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. Other salaries and wages came to $333k. At year end it held assets of $74.8m against liabilities of $48.3m, net assets of $26.5m.