Virginia Association of Colleges and Employers Inc

Analysis

Virginia Association of Colleges and Employers Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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 June 2024, Virginia Association of Colleges and Employers Inc reported income of $62k and spending of $58k, spending 93% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $38k to $62k (+65%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Association of Colleges and Employers Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Lafayette Crime Stoppers Inc ($62k), Catholic Migrant Farmworker Network Inc ($62k) and Yucatan Peninsula Christian Mission ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 86% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.