Virginia Institute for Public Policy

Analysis

Virginia Institute for Public Policy is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Virginia Institute for Public Policy reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $249k to $1.2m (+374%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Institute for Public Policy sits at the 80th percentile: it is larger than about 80% 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 Tarry House Inc ($1.2m), St Lucians Residence Inc ($1.2m) and Yankton Transit Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $194k. At year end it held assets of $405k against liabilities of $144k, net assets of $261k. It reported 5 employees.