Foundation of the Flora of Virginia Project Inc

Analysis

Foundation of the Flora of Virginia Project Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation of the Flora of Virginia Project Inc reported income of $52k and spending of $41k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $74k to $52k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2021, when income rose by 293%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation of the Flora of Virginia Project Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Santa Clara Valley Watercolor Society ($52k), Castlewood Historical Society ($52k) and Guataca Nights Foundation Inc ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $17k (41% of expenses). Other salaries and wages came to $713. At year end it held assets of $109k against liabilities of $0, net assets of $109k. It reported 1 employees.