Youth Foundation of Virginia Beach Inc

Analysis

Youth Foundation of Virginia Beach Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Youth Foundation of Virginia Beach Inc reported income of $173k and spending of $168k, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $95k to $173k (+81%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Foundation of Virginia Beach Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Christmas Wish Campaign Inc ($173k), Lawrence Swim Team Inc ($173k) and Scotty Lapp Foundation ($173k).

At year end it held assets of $25k against liabilities of $0, net assets of $25k.