Virginia Mason Institute

Analysis

Virginia Mason Institute is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Virginia Mason Institute reported income of $2.8m and spending of $4.7m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $4.9m to $2.8m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 521%. Over the whole period it spent 163% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Mason Institute sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Phoenix Montessori Academy ($2.8m), Accrediting Council for Continuing Education & Training Inc ($2.8m) and Covenant Christian Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $14.7m against liabilities of $498k, net assets of $14.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.