Virginia Polo Inc

Analysis

Virginia Polo Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Polo Inc reported income of $738k and spending of $620k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $738k (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Polo Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Fairbank Community Daycare Center ($737k), Peninsula Hawks Scholarship Fund ($738k) and Alaska State Hockey Association Inc ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Other salaries and wages came to $156k. At year end it held assets of $9.7m against liabilities of $0, net assets of $9.7m. It reported 3 employees.