Lead Virginia

Analysis

Lead Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Lead Virginia reported income of $784k and spending of $795k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $957k to $784k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lead Virginia sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Regional Contracting Assistance Center Inc ($784k), Sheltering Harbour ($784k) and Habitat for Humanity International Inc ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $184k (23% of expenses). Other salaries and wages came to $103k. At year end it held assets of $681k against liabilities of $196k, net assets of $485k. It reported 3 employees.