Community Foundation of the Virgin Islands Inc

Analysis

Community Foundation of the Virgin Islands Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in April 1992, 34 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 2022, Community Foundation of the Virgin Islands Inc reported income of $4.3m and spending of $3.6m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $5.9m to $4.3m (-27%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 106% 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 Virgin Islands Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 95th percentile within VI. Charities of a similar size with the same main cause include Inland Southern California United Way ($4.3m), Northern Indiana Community Foundation Inc ($4.3m) and Appalachian Regional Healthcare Foundation ($4.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $177k (5.0% of expenses). Other salaries and wages came to $419k. At year end it held assets of $14.9m against liabilities of $49k, net assets of $14.9m. It reported 8 employees.