Virginia Foundation for Architecture Incorporated

Analysis

Virginia Foundation for Architecture Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1958, 68 years ago. 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, Virginia Foundation for Architecture Incorporated reported income of $568k and spending of $593k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $731k to $568k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Foundation for Architecture Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Ohlone College Foundation ($568k), Seton Collaborative Corporation ($568k) and Caroline House Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $109k (18% of expenses). Other salaries and wages came to $230k. At year end it held assets of $3.6m against liabilities of $27k, net assets of $3.5m. It reported 11 employees.