Virginia Business Higher Education Council

Analysis

Virginia Business Higher Education Council is a registered charity in United States, based in Colonial HGTS, VA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Virginia Business Higher Education Council reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $736k to $1.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Business Higher Education Council sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Friends of the Governors Mansion ($1.2m), Elemental Music ($1.2m) and Dumbarton Arts and Education Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.