Scottish Rite Foudation of Virginia

Analysis

Scottish Rite Foudation of Virginia is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Scottish Rite Foudation of Virginia reported income of $230k and spending of $178k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $173k to $230k (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 251%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scottish Rite Foudation of Virginia sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include International Womens Coffee Alliance Inc ($230k), Sickles High School Omnibus Booster Organization Inc ($230k) and Brighthouse Scholar Connections Inc ($230k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.