Southwest Virginia Academy Inc

Analysis

Southwest Virginia Academy Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Southwest Virginia Academy Inc reported income of $54k and spending of $64k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $59k to $54k (-8.0%), an average of -8.0% a year. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwest Virginia Academy Inc sits at the 23rd percentile: it is larger than about 23% 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 Cranberry Chaos Fastpitch Inc ($54k), Breeze Softball Inc ($54k) and Team Swift Junior Development ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.