Community Foundation of the Rappahannock River Region Inc

Analysis

Community Foundation of the Rappahannock River Region Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2023, Community Foundation of the Rappahannock River Region Inc reported income of $3.1m and spending of $3.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income rose by 411%. Over the whole period it spent 34% 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 Rappahannock River Region Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Ozarks Technical Community College Foundation ($3.1m), The Foundation for the Center for Hospice and Palliative Care Inc ($3.1m) and Association for Information Systems ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $152k (4.9% of expenses). Other salaries and wages came to $277k. At year end it held assets of $50.9m against liabilities of $1.6m, net assets of $49.3m. It reported 9 employees.