Peninsula Community Foundation of Virginia

Analysis

Peninsula Community Foundation of Virginia is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in March 2002, 24 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, Peninsula Community Foundation of Virginia reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peninsula Community Foundation of Virginia sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Annunciation Maternity Home Inc ($3.6m), Our Community Foundation Inc ($3.6m) and Monks of Norcia Foundation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $150k (5.3% of expenses). Other salaries and wages came to $193k. At year end it held assets of $16.9m against liabilities of $30k, net assets of $16.9m. It reported 7 employees.