Waverly Avenue Carnival Company

Analysis

Waverly Avenue Carnival Company is a registered charity in United States, based in Kilmarnock, VA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Waverly Avenue Carnival Company reported income of $54k and spending of $16k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $54k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 116% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Waverly Avenue Carnival Company sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include New Sharon Volunteer Fire Company 1 ($54k), New Market Community Volunteer Fire Department Inc ($54k) and Netarts Oceanside Volunteer Firefighters ($54k).

At year end it held assets of $192k against liabilities of $0, net assets of $192k.