Danville Speech & Hearing Center

Analysis

Danville Speech & Hearing Center is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in June 1962, 64 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 December 2023, Danville Speech & Hearing Center reported income of $202k and spending of $235k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $202k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danville Speech & Hearing Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($202k), Thursday Club Inc ($202k) and Thorndale Firemans Relief Fund ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 32% of the total. Other salaries and wages came to $102k. At year end it held assets of $228k against liabilities of $11k, net assets of $218k. It reported 2 employees.