Virginia Satslab Inc

Analysis

Virginia Satslab Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2024, Virginia Satslab Inc reported income of $139k and spending of $218k, spending 156% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $47k to $139k (+199%), an average of +32% a year. The sharpest change came in the year to June 2022, when income dropped by 409%. Over the whole period it spent 690% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Satslab Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Association of Concert Bands of America Inc ($139k), Del Norte Association for Cultural ($139k) and Epiphany Space Inc ($139k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.