Vibe District Virginia Beach

Analysis

Vibe District Virginia Beach is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Vibe District Virginia Beach reported income of $411k and spending of $412k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $411k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vibe District Virginia Beach sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Meadowlark Employment Services Inc ($411k), West River Community Project Company ($411k) and Zabs Place ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $180k against liabilities of $70k, net assets of $110k.