V M I Keydet Club

Analysis

V M I Keydet Club is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, V M I Keydet Club reported income of $8.2m and spending of $10.7m, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.6m to $8.2m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, V M I Keydet Club sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Crazy Horse School ($8.2m), Oceanside Collegiate Academy Inc ($8.2m) and Northland Preparatory Academy ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $162k (1.5% of expenses). Other salaries and wages came to $5,377. At year end it held assets of $111.9m against liabilities of $7.6m, net assets of $104.2m. It reported 2 employees.