Colonial Beach Foundation

Analysis

Colonial Beach Foundation is a registered charity in United States, based in Colonial BCH, VA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Colonial Beach Foundation reported income of $62k and spending of $62k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $179k to $62k (-65%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colonial Beach Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Glacier County Regional Port Authority ($62k), Group Relations International ($62k) and High-Tech Small Town ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $177k against liabilities of $10k, net assets of $167k.