Via Velo Ltd

Analysis

Via Velo Ltd is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2010, 16 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 May 2024, Via Velo Ltd reported income of $375k and spending of $357k, spending 95% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $210k to $375k (+79%), an average of +12% a year. The sharpest change came in the year to May 2024, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Via Velo Ltd sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Murdoch Hockey Fund ($375k), Fairfield County Interscholastic Athletic Conference Inc ($375k) and Chief Logan Recreational Center Inc ($375k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $147k. At year end it held assets of $265k against liabilities of $12k, net assets of $253k. It reported 6 employees.