Hampton Roads Community Foundation

Analysis

Hampton Roads Community Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 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 December 2023, Hampton Roads Community Foundation reported income of $22.1m and spending of $30.8m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.3m to $22.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hampton Roads Community Foundation 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 Fairfield Countys Community Foundation Inc ($21.9m), Heart of Florida United Way ($22.2m) and Community Foundation of Frederick County Maryland Incorporated ($21.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $586k (1.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $500.0m against liabilities of $23.9m, net assets of $476.1m. It reported 17 employees.