Rva Hampton Roads Mega Region Collaborative

Analysis

Rva Hampton Roads Mega Region Collaborative is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2020, 6 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, Rva Hampton Roads Mega Region Collaborative reported income of $668k and spending of $715k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $235k to $668k (+184%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rva Hampton Roads Mega Region Collaborative sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Liberty Kids Inc ($668k), Economic Development Corporation of New Haven ($668k) and East Loop Community Improvement District ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $178k. At year end it held assets of $200k against liabilities of $33k, net assets of $167k. It reported 2 employees.