Virginia Association of Fairs

Analysis

Virginia Association of Fairs is a registered charity in United States, based in Ladysmith, VA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 March 2024, Virginia Association of Fairs reported income of $170k and spending of $138k, spending 81% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $158k to $170k (+8.0%), an average of +8.0% a year. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Association of Fairs sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Leadership Clark County ($170k), Assistance League of Amador Valley ($170k) and Eyewitness for Life Ltd ($170k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 1.0% and program service revenue 90% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.