Southern Virginia Higher Education Foundation Inc

Analysis

Southern Virginia Higher Education Foundation Inc is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Southern Virginia Higher Education Foundation Inc reported income of $1.1m and spending of $1.4m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+2.2%), an average of +0.6% a year. The sharpest change came in the year to June 2023, when income rose by 110%. Over the whole period it spent 146% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Virginia Higher Education Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include American Congregational Association ($1.1m), Purple Circle Day Care Center Inc ($1.1m) and Citrus College Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Other salaries and wages came to $165k. At year end it held assets of $18.5m against liabilities of $462k, net assets of $18.0m. It reported 2 employees.