Virginia High School League

Analysis

Virginia High School League is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Virginia High School League reported income of $5.9m and spending of $5.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $5.9m (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia High School League sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Arts in College Preparatory Academy ($5.9m), Little Keswick Education Corporation ($5.9m) and Sherman Thomas Charter School ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $150k (3.0% of expenses). Other salaries and wages came to $958k. At year end it held assets of $7.8m against liabilities of $2.1m, net assets of $5.7m. It reported 18 employees.