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 2024, Virginia Congress of Parents and Teachers reported income of $257k and spending of $164k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $372k to $257k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 84% 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 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Westerville Symphony at Otterbein University ($257k), Transportation Project for Cayuga County Inc ($257k) and Los Angeles Jazz Society ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 2.3% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.1m against liabilities of $22k, net assets of $1.1m. It reported 5 employees.