Potomac Valley Alumnae Chapter Fund Incorporated

Analysis

Potomac Valley Alumnae Chapter Fund Incorporated is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 1987, 39 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 December 2023, Potomac Valley Alumnae Chapter Fund Incorporated reported income of $61k and spending of $62k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $131k to $61k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Valley Alumnae Chapter Fund Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include PTA Kansas Congress of Parents and Teachers ($61k), Springfield Council for the Arts and Humanities ($61k) and The Northside Church ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.