Virginia Veterans Foundation

Analysis

Virginia Veterans Foundation is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in December 2018, 8 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 June 2024, Virginia Veterans Foundation reported income of $254k and spending of $96k, leaving 62% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $140k to $254k (+82%), an average of +82% a year. The sharpest change came in the year to June 2024, when income rose by 82%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virginia Veterans Foundation sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Colorado National Guard Foundation Inc ($254k), Msda Charitable and Educational Foundaton Inc ($254k) and Hope Outreach Center Inc ($254k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $341k against liabilities of $0, net assets of $341k.