Virginia Tech Transportation Economic Development Inc

Analysis

Virginia Tech Transportation Economic Development Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Virginia Tech Transportation Economic Development Inc reported income of $4.5m and spending of $5.9m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.3m to $4.5m (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Tech Transportation Economic Development Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Ohio Foundation of Independent Colleges Inc ($4.5m), Dutchess Community College Association Inc ($4.5m) and Miami Christian School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 107% of the total. Compensation of current officers, directors and key employees was $2.9m (50% of expenses). At year end it held assets of $9.5m against liabilities of $8.2m, net assets of $1.3m. It reported 44 employees.