Virginia Coalfield Coalition Inc

Analysis

Virginia Coalfield Coalition Inc is a registered charity in United States, based in Lebanon, VA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Virginia Coalfield Coalition Inc reported income of $1.5m and spending of $1.9m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $492k to $1.5m (+202%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 134%. Over the whole period it spent 143% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Coalfield Coalition Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Village Capital Corporation ($1.5m), Fishermans Wharf Association of San Francisco ($1.5m) and Salva ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.2m against liabilities of $1.6m, net assets of $13.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.