Virginia Association for the Educat Ion of Young Children

Analysis

Virginia Association for the Educat Ion of Young Children is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Virginia Association for the Educat Ion of Young Children reported income of $171k and spending of $213k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $171k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Association for the Educat Ion of Young Children sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Portsmouth Aikido ($171k), Workforce Technician Education Center ($171k) and Blythewood High School Band Boosters ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. At year end it held assets of $294k against liabilities of $28k, net assets of $266k.

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.