BGV Foundation

Analysis

BGV Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, BGV Foundation reported income of $5.6m and spending of $3.6m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $5.6m (+2168%), an average of +118% a year. The sharpest change came in the year to December 2020, when income rose by 1401%. 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, BGV Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include North Platte Opportunity Corporation ($5.6m), Developing Potential Inc ($5.6m) and Construction Craft Laborers Training and Apprenticeship Fund ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $208k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.9m against liabilities of $112k, net assets of $4.8m. It reported 27 employees.