Virginia Elks Fund Inc

Analysis

Virginia Elks Fund Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in April 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 March 2023, Virginia Elks Fund Inc reported income of $342k and spending of $295k, spending 86% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $232k to $342k (+47%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 68%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virginia Elks Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Bauer Charitable Trust ($342k), Reaching East African Lives for Christ Ministries ($342k) and White Bear Lake Senior Housing Inc ($342k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $1.6m against liabilities of $616k, net assets of $1.0m.