VTWC Inc

Analysis

VTWC Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, VTWC Inc reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, VTWC Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include George Y Pocock Rowing Foundation ($2.0m), Agawam Council ($2.0m) and North Shore Ice Arena LLC ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $93k (5.4% of expenses). Other salaries and wages came to $546k. At year end it held assets of $2.2m against liabilities of $405k, net assets of $1.8m. It reported 96 employees.