Virginia Law Review Association

Analysis

Virginia Law Review Association is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Virginia Law Review Association reported income of $96k and spending of $199k, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $142k to $96k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Law Review Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Dudley Square Realty Corporation ($96k), Temecula Valley High School Band Boosters ($96k) and Richland School District Two Foundation ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $20k (10% of expenses). At year end it held assets of $2.8m against liabilities of $6,455, net assets of $2.7m. It reported 1 employees.

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.