Virginia Society for Technology in Education

Analysis

Virginia Society for Technology in Education is a registered charity in United States, based in Aldie, VA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Society for Technology in Education reported income of $686k and spending of $405k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $508k to $686k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Society for Technology in Education 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 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Nicaraguan Education Resource Center ($685k), Linville Foundation Inc ($686k) and Ulster Community College Association Inc ($685k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $31k (7.6% of expenses). At year end it held assets of $634k against liabilities of $22k, net assets of $612k.