Virginia Technical Institute

Analysis

Virginia Technical Institute is a registered charity in United States, based in Altavista, VA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Virginia Technical Institute reported income of $765k and spending of $859k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $607k to $765k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Technical Institute sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Center for the Development of Children Inc ($765k), Turtles Nest Elc Inc ($765k) and Campaign for Cardinal Spellman High School Foundation Inc ($765k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $451k. At year end it held assets of $3.0m against liabilities of $52k, net assets of $3.0m. It reported 34 employees.