The Virginia Association of Independent Schools

Analysis

The Virginia Association of Independent Schools is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in November 1977, 49 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 June 2024, The Virginia Association of Independent Schools reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Virginia Association of Independent Schools sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Creative World Montessori School Inc ($1.3m), Kootenai Valley Head Start Inc ($1.3m) and Pittsburgh Christian Academy ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $273k (24% of expenses). Other salaries and wages came to $355k. At year end it held assets of $2.1m against liabilities of $766k, net assets of $1.3m. It reported 6 employees.