Prince Edward-Farmville Youth Association Inc

Analysis

Prince Edward-Farmville Youth Association Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in March 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prince Edward-Farmville Youth Association Inc reported income of $66k and spending of $112k, spending 171% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $85k to $66k (-23%), an average of -8.3% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 140% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Prince Edward-Farmville Youth Association Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Girls on the Run Southeast Washington ($66k), Arkwings Foundation ($66k) and North San Diego County Promise Inc ($66k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. At year end it held assets of $421k against liabilities of $0, net assets of $421k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.