Virginia Academy of Science Engineering and Medicine Inc

Analysis

Virginia Academy of Science Engineering and Medicine Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Virginia Academy of Science Engineering and Medicine Inc reported income of $256k and spending of $213k, spending 83% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $268k to $256k (-4.8%), an average of -2.4% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virginia Academy of Science Engineering and Medicine Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Aqume Foundation ($255k), I Run This Island Foundation ($256k) and Karry Carrasco Foundation ($255k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $378k against liabilities of $0, net assets of $378k.