Virginia Congress of Parents and Teachers

Analysis

Virginia Congress of Parents and Teachers is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 Congress of Parents and Teachers reported income of $65k and spending of $47k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2017 to June 2023, income fell from $209k to $65k (-69%), an average of -44% a year. The sharpest change came in the year to June 2023, when income dropped by 72%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Congress of Parents and Teachers sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Resilience Resource Company ($65k), Student Union Corp of the Univ of Kansas Medical Center ($65k) and PTA Florida Congress ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 24% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.