Future of Danville Foundation

Analysis

Future of Danville Foundation is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in August 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 June 2024, Future of Danville Foundation reported income of $585k and spending of $86k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $22k to $585k (+2545%), an average of +127% a year. The sharpest change came in the year to June 2024, when income rose by 1026%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Future of Danville Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Blue Lapis Light Inc ($585k), Jobsite Theatre Inc ($585k) and Wareham Community Television Inc ($584k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.