Charlottesville Area Association of Realtors Foundation

Analysis

Charlottesville Area Association of Realtors Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 2021, 5 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 December 2023, Charlottesville Area Association of Realtors Foundation reported income of $118k and spending of $20k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $118k (+66%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 13% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlottesville Area Association of Realtors Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Scotch & Sharks Inc ($118k), Clayton Education Foundation ($118k) and Opelika Kiwanis Foundation Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.