Southwest Virginia Higher Education Center Foundation

Analysis

Southwest Virginia Higher Education Center Foundation is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest Virginia Higher Education Center Foundation reported income of $142k and spending of $400k, spending 281% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $142k (-92%), an average of -46% a year. The sharpest change came in the year to June 2023, when income dropped by 77%. Over the whole period it spent 135% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Virginia Higher Education Center Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Antioch Elementary PTO ($142k), Robert W Sorrell Scholarship Fund ($142k) and Friends of Los Alamitos Elementary ($142k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 152% and program service revenue 4.4% of the total. At year end it held assets of $6.2m against liabilities of $12k, net assets of $6.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.