Community Foundation of the Virginias Inc

Analysis

Community Foundation of the Virginias Inc is a registered charity in United States, based in Bluefield, WV. It received its IRS tax-exemption ruling in August 1993, 33 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, Community Foundation of the Virginias Inc reported income of $868k and spending of $1.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $868k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. 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, Community Foundation of the Virginias Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include Niles Community Services Inc ($867k), Sandusky County Communitiesfoundation ($869k) and Gateway-Longview Foundation ($866k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $20k (1.7% of expenses). At year end it held assets of $14.1m against liabilities of $1,381, net assets of $14.1m. It reported 2 employees.