Virginia Community Development Fund Inc

Analysis

Virginia Community Development Fund Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Virginia Community Development Fund Inc reported income of $5.6m and spending of $1.1m, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $808k to $5.6m (+590%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 28% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Virginia Community Development Fund Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Coach of San Diego Inc ($5.6m), Habitat for Humanity International Inc ($5.6m) and New Door Ventures ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.7% of the total. Other salaries and wages came to $243k. At year end it held assets of $13.8m against liabilities of $1.2m, net assets of $12.6m.