Donor Advised Fund of the Virginia Baptist Foundation

Analysis

Donor Advised Fund of the Virginia Baptist Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Donor Advised Fund of the Virginia Baptist Foundation reported income of $950k and spending of $1.4m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $950k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Donor Advised Fund of the Virginia Baptist Foundation 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 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Islamic Circle of North America-New Jersey ($949k), B H Roberts Foundation ($950k) and Christian Family Center Inc C/O Robert Kea ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $17.3m against liabilities of $0, net assets of $17.3m.