Vmi Alumni Agencies Board Inc

Analysis

Vmi Alumni Agencies Board Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Vmi Alumni Agencies Board Inc reported income of $5.5m and spending of $6.1m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $6.2m to $5.5m (-11%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vmi Alumni Agencies Board Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Athenian Eacademy ($5.5m), Peak Prep Pleasant Valley ($5.5m) and People Involved in Education Inc ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $818k (13% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $103.6m against liabilities of $67.1m, net assets of $36.4m. It reported 24 employees.