Hampton Roads Executive Roundtable

Analysis

Hampton Roads Executive Roundtable is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 2016, 10 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, Hampton Roads Executive Roundtable reported income of $1.5m and spending of $852k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $821k to $1.5m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hampton Roads Executive Roundtable sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include First Flight Venture Center Inc ($1.5m), Chautauqua Region Industrial Development Corporation ($1.5m) and Westminster Home Connection ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $451k. At year end it held assets of $1.7m against liabilities of $652k, net assets of $1.1m. It reported 4 employees.