Vra Education Foundation Inc

Analysis

Vra Education Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1987, 39 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, Vra Education Foundation Inc reported income of $68k and spending of $74k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $536k to $68k (-87%), an average of -64% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vra Education Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Wabash County Youth Exhibition ($68k), Rafter7 Sports ($68k) and Cycling Development ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.4% of the total. At year end it held assets of $170k against liabilities of $299, net assets of $169k.