Virginia State Reading Association

Analysis

Virginia State Reading Association is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Virginia State Reading Association reported income of $379k and spending of $319k, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $547k to $379k (-31%), an average of -8.8% a year. The sharpest change came in the year to July 2022, when income rose by 74%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia State Reading Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include LA Fontaine Learning Center Inc ($379k), Building Equity Aspiration Resilience ($379k) and Coffeyville Coalition for Early Education ($379k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $419k against liabilities of $19k, net assets of $400k.