Virginia Amateur Sports Inc

Analysis

Virginia Amateur Sports Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in November 1989, 37 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Virginia Amateur Sports Inc reported income of $551k and spending of $659k, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $551k (-47%), an average of -15% a year. The sharpest change came in the year to September 2020, when income dropped by 48%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Amateur Sports Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include GTS Youth Sports Inc ($551k), Patriots Gateway Community Center ($551k) and Capital Thunder Youth Hockey Organization ($551k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $106k (16% of expenses). Other salaries and wages came to $221k. At year end it held assets of $188k against liabilities of $61k, net assets of $127k. It reported 9 employees.