Glenvar Youth Boosters Inc

Analysis

Glenvar Youth Boosters Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in March 2011, 15 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 January 2024, Glenvar Youth Boosters Inc reported income of $58k and spending of $72k, spending 124% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $48k to $58k (+21%), an average of +21% a year. The sharpest change came in the year to January 2024, when income rose by 21%. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glenvar Youth Boosters Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include JBS Transition Experts ($58k), Libraries of Montrose County Foundation ($58k) and St Hope Endowment ($58k).

On its Form 990-EZ for the period ending January 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.