Blue Ridge Soaring Society Inc

Analysis

Blue Ridge Soaring Society Inc is a registered charity in United States, based in New Castle, VA. It received its IRS tax-exemption ruling in October 1963, 63 years ago. 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 January 2024, Blue Ridge Soaring Society Inc reported income of $109k and spending of $124k, spending 114% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $136k to $109k (-20%), an average of -20% a year. The sharpest change came in the year to January 2024, when income dropped by 20%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Ridge Soaring Society Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Little League Baseball Inc ($109k), Greater North Texas Basketball Officials Association Inc ($109k) and Jones County Emergency Care Council Inc ($109k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 2.5% and program service revenue 45% of the total. At year end it held assets of $258k against liabilities of $22k, net assets of $235k.