Virginia Accounting and Auditing Conference

Analysis

Virginia Accounting and Auditing Conference is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Virginia Accounting and Auditing Conference reported income of $417k and spending of $420k, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $512k to $417k (-18%), an average of -5.0% a year. The sharpest change came in the year to March 2021, when income dropped by 55%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Accounting and Auditing Conference sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Consortium for Independent Journalism Inc ($417k), Pheasant Heaven Charities Inc ($417k) and Lowndes High School Band Boosters Inc ($417k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.

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.