Logo for "Medical College of VA Foundation"

Medical College of VA Foundation

Medical College of VA Foundation

Richmond, VA, US
501(c)(3)
EIN
54-6053660
Single Organization Support
Logo for "Medical College of VA Foundation"

Medical College of VA Foundation

Richmond, VA, US
501(c)(3)
EIN
54-6053660
Single Organization Support

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$53,247,393

Contributions
85%
Investments
7%
Other
5%
Program Services
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$68,622,811

Grants
85%
Salaries & Benefits
6%
Fees to Service Providers
5%
Other
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$51,160,391
$45,038,920
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,765,672
$1,906,943
+8%
Membership Dues
$0
$0
-
Investments
$3,759,968
$3,809,195
+1%
Other
$956,224
$2,492,335
+161%
Total Revenues
$57,642,255
$53,247,393
-8%
Expenses
2023
2024
Change
Grants
$30,761,000
$58,270,417
+89%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,687,000
$4,331,000
+17%
Fees to Service Providers
$3,770,703
$3,642,481
-3%
Advertising & Promotion
$370,000
$353,000
-5%
Offices, Occupancy & IT
$551,000
$769,866
+40%
Interest
$0
$0
-
Depreciation
$278,000
$133,940
-52%
Other
$927,000
$1,122,107
+21%
Total Expenses
$40,344,703
$68,622,811
+70%
Net income
2023
2024
Change
Net income
+$17,297,552
-$15,375,418
-189%
Functional Expenses
Summary
2023
2024
Change
Program
$30,761,000
$58,270,417
+89%
Admin
$8,349,703
$9,094,394
+9%
Fundraising
$1,234,000
$1,258,000
+2%
Total Expenses
$40,344,703
$68,622,811
+70%
Income Statement
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