The Virginia Peninsula Chapter of 100 Black Men of America Inc

Analysis

The Virginia Peninsula Chapter of 100 Black Men of America Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Virginia Peninsula Chapter of 100 Black Men of America Inc reported income of $154k and spending of $169k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $90k to $154k (+72%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Virginia Peninsula Chapter of 100 Black Men of America Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Skaneateles Ski Club Inc ($154k), Pittsburgh Flying Disc ($154k) and Sayreville Little League ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.