Virginia Association for Parks

Analysis

Virginia Association for Parks is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in November 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Association for Parks reported income of $174k and spending of $103k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $174k (+8.7%), an average of +8.7% a year. Over the whole period it spent 51% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Association for Parks sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Shawano Hockey League Inc ($174k), Valley Youth Conference Inc ($174k) and Northport Huntington Ice Hockey Club Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $486k against liabilities of $0, net assets of $486k.