Virginia Beach City Public Schools Education Foundation Inc

Analysis

Virginia Beach City Public Schools Education Foundation Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Virginia Beach City Public Schools Education Foundation Inc reported income of $630k and spending of $722k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $382k to $630k (+65%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Beach City Public Schools Education Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Empower 8 Inc ($630k), Hikmah Relief ($630k) and Faith Community Christian School ($630k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $3.0m against liabilities of $105k, net assets of $2.9m.