Volunteer Hampton Roads

Analysis

Volunteer Hampton Roads is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 1979, 47 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, Volunteer Hampton Roads reported income of $351k and spending of $403k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $281k to $351k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Hampton Roads sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Henderson Christian Community Outreach Inc ($351k), Women in Dialogue ($352k) and White County Economic Development Organization Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $97k (24% of expenses). Other salaries and wages came to $154k. At year end it held assets of $93k against liabilities of $6,118, net assets of $87k. It reported 4 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.