Side by Side Va Inc

Analysis

Side by Side Va Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Side by Side Va Inc reported income of $380k and spending of $975k, spending 257% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $726k to $380k (-48%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Side by Side Va Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include South Jersey Youth Alliance ($380k), Songs for Kids Foundation Inc ($380k) and Rockford Hockey Association ($379k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Other salaries and wages came to $525k. At year end it held assets of $587k against liabilities of $115k, net assets of $472k. It reported 24 employees.