Virginia Library Association

Analysis

Virginia Library Association is a registered charity in United States, based in Fishersville, VA. It received its IRS tax-exemption ruling in December 1978, 48 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 December 2023, Virginia Library Association reported income of $533k and spending of $488k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $533k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Library Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Food & Harmony ($533k), United Church Residences of Covington Tennessee Inc ($533k) and All Saints Senior Housing NFP ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $116k (24% of expenses). At year end it held assets of $526k against liabilities of $0, net assets of $526k. It reported 1 employees.