College Foundation of the University of Virginia

Analysis

College Foundation of the University of Virginia is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 2001, 25 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 2024, College Foundation of the University of Virginia reported income of $23.2m and spending of $21.0m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $26.2m to $23.2m (-11%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, College Foundation of the University of Virginia sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include United Way of Greater Philadelphia and Southern New Jersey ($23.2m), Dupage Community Foundation ($23.3m) and Pratham USA ($23.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $919k (4.4% of expenses). Other salaries and wages came to $3.4m. It paid $79k in professional fundraising fees. At year end it held assets of $265.6m against liabilities of $4.9m, net assets of $260.7m. It reported 35 employees.