Virginia Stage Foundation

Analysis

Virginia Stage Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Stage Foundation reported income of $59k and spending of $12k, leaving 79% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $11k to $59k (+454%), an average of +454% a year. The sharpest change came in the year to June 2023, when income rose by 454%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Stage Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Center for a Public Anthropology ($59k), Chautauqua Craftsmen and Artisans of the Black Hills Inc ($59k) and August Wilson Society ($59k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.