Virginia Beach Educational Broadcasting Foundation Inc

Analysis

Virginia Beach Educational Broadcasting Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Virginia Beach Educational Broadcasting Foundation Inc reported income of $191k and spending of $70k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $191k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Beach Educational Broadcasting Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Pones Inc ($191k), Vietnamese Culture and Science Association ($191k) and Echoes Africa Initiatives ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.