United Jewish Community of the Virginia Peninsula Endowment Inc

Analysis

United Jewish Community of the Virginia Peninsula Endowment Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Jewish Community of the Virginia Peninsula Endowment Inc reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 198%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Jewish Community of the Virginia Peninsula Endowment Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Arizona Coyotes Foundation ($1.5m), Bryan Area Foundation ($1.5m) and Mecca Center Endowment Fund ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $22.1m against liabilities of $7.1m, net assets of $15.0m.