Community Foundation Serving Western Virginia

Analysis

Community Foundation Serving Western Virginia is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in March 2000, 26 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 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, Community Foundation Serving Western Virginia reported income of $10.6m and spending of $6.9m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.1m to $10.6m (-13%), an average of -3.4% a year. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation Serving Western Virginia sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Northshore Community Foundation ($10.6m), Berrien Community Foundation Inc ($10.6m) and Urban Triage ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $359k (5.2% of expenses). Other salaries and wages came to $422k. At year end it held assets of $112.2m against liabilities of $4.7m, net assets of $107.5m. It reported 9 employees.