India Association of Virginia and Vcu

Analysis

India Association of Virginia and Vcu is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in April 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 December 2023, India Association of Virginia and Vcu reported income of $145k and spending of $122k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $145k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, India Association of Virginia and Vcu sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include MIT Club of Northern California ($145k), Shelby County Babe Ruth Inc ($145k) and Mesabi Range College Foundation ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 71% of the total. At year end it held assets of $237k against liabilities of $6,735, net assets of $230k.