Central Virginia Resource Corporation

Analysis

Central Virginia Resource Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Central Virginia Resource Corporation reported income of $979k and spending of $810k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $971k to $979k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to September 2022, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Virginia Resource Corporation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Iamheart Inc ($978k), Nevada Diabetes Association for Children and Adults Inc ($979k) and Greater Harleysville and North Penn Senior Services ($978k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $436k. At year end it held assets of $2.7m against liabilities of $29k, net assets of $2.7m. It reported 9 employees.