Virginia Science Olympiad Inc

Analysis

Virginia Science Olympiad Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2024, Virginia Science Olympiad Inc reported income of $70k and spending of $73k, spending 105% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $78k to $70k (-11%), an average of -11% a year. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Virginia Science Olympiad Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include Tyler R Christman Foundation ($70k), Noah Christian Community Ctr Angels of Hope Outreach Ministry Inc ($70k) and Batting for Kids Inc ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 74% of the total. At year end it held assets of $93k against liabilities of $5,635, net assets of $87k.