THE PAULEY FAMILY FOUNDATION
3409 MOORE ST, RICHMOND, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $29,015,913 | $7,201,819 | $2,182,076,100 |
| FY2023 | $57,857,190 | $7,510,876 | $2,143,784,524 |
| FY2022 | $100,675,767 | $7,396,838 | $2,074,230,867 |
| FY2021 | $1,899,350,410 | $25,600,128 | $2,017,868,374 |
| FY2020 | $16,158,979 | $10,593,453 | $134,219,374 |
| FY2019 | $17,922,196 | $7,350,393 | $121,693,668 |
| FY2018 | $4,646,430 | $4,587,225 | $86,546,626 |
| FY2017 | $3,315,572 | $4,506,411 | $96,590,702 |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $6,562,153 | 91% |
| Management & general | $639,666 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2024. That is higher than 70% of 30 Philanthropy, Voluntarism & Grantmaking Foundations organizations in VA.
- Net assets covered about 3635.9 months of expenses at the end of the reporting year. That puts it in the 99th percentile among 1300 Philanthropy, Voluntarism & Grantmaking Foundations organizations in VA.
- Total revenue was higher than 98.9% of 1340 Philanthropy, Voluntarism & Grantmaking Foundations organizations in VA.
- Total revenue rose from $3,315,572 in FY2017 to $29,015,913 in FY2024, Revenue increased in 3 and decreased in 4 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 8 reported years (FY2017).
- The highest revenue on record here is $1,899,350,410 in FY2021.
- Net assets grew from $96,590,702 to $2,182,076,100 between FY2017 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PAULEY FAMILY FOUNDATION SUPPORTS A BROAD RANGE OF CHARITABLE PURPOSES IN THE RICHMOND REGION, WITH A FOCUS ON EDUCATION, HEALTH, AND HUMAN SERVICES.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T30 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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