Southwest Virginia Alliance for Manufacturing Inc

Analysis

Southwest Virginia Alliance for Manufacturing Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in May 2008, 18 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 June 2023, Southwest Virginia Alliance for Manufacturing Inc reported income of $177k and spending of $190k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $177k (-85%), an average of -38% a year. The sharpest change came in the year to June 2020, when income dropped by 145%. Over the whole period it spent 274% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Virginia Alliance for Manufacturing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Somali Community of Louisville Inc ($177k), Ohio Invention League Inc ($177k) and Silver Valley Ptso ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.9% of the total. Other salaries and wages came to $99k. At year end it held assets of $201k against liabilities of $2,119, net assets of $198k. It reported 3 employees.