Virginia Community Voice

Analysis

Virginia Community Voice is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2019, 7 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, Virginia Community Voice reported income of $727k and spending of $928k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $727k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Community Voice sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Run Vermont Inc ($727k), Ibew 375 Electrical Joint Apprenticeship and Training Trust ($727k) and MSDC Inc ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $85k (9.2% of expenses). Other salaries and wages came to $587k. At year end it held assets of $412k against liabilities of $3,405, net assets of $408k. It reported 10 employees.