NVSBC Education Foundation Inc

Analysis

NVSBC Education Foundation Inc is a registered charity in United States, based in Mineral, VA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, NVSBC Education Foundation Inc reported income of $2.2m and spending of $1.8m, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $611k to $2.2m (+267%), an average of +267% a year. The sharpest change came in the year to December 2023, when income rose by 267%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NVSBC Education Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Concilio Child Development Centers ($2.2m), Woodroe Inc ($2.2m) and Montessori School of Beaverton Ltd ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $131k (7.3% of expenses). Other salaries and wages came to $195k. At year end it held assets of $711k against liabilities of $286k, net assets of $425k.