Halifax Regional Development Foundation Inc

Analysis

Halifax Regional Development Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Halifax Regional Development Foundation Inc reported income of $352k and spending of $80k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $352k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 365%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Halifax Regional Development Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include In Yahshuas Name Inc ($352k), Hope International ($352k) and Coach Approach Ministries ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.1m against liabilities of $244k, net assets of $1.9m.