Home Educators Association of Virginia

Analysis

Home Educators Association of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 September 2023, Home Educators Association of Virginia reported income of $921k and spending of $933k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $755k to $921k (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2020, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Educators Association of Virginia sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Floor Covering Industry Foundation ($921k), Backside Learning Center Inc ($921k) and Big Brothers Big Sisters of Bucks County Incorporated ($921k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $47k (5.1% of expenses). Other salaries and wages came to $330k. At year end it held assets of $108k against liabilities of $16k, net assets of $92k. It reported 23 employees.