Young Audiences of Virginia Inc

Analysis

Young Audiences of Virginia Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1966, 60 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 (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, Young Audiences of Virginia Inc reported income of $683k and spending of $804k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $480k to $683k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Audiences of Virginia Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Community Youth Concepts ($682k), 4 Elements Earth Education Incorporated ($684k) and Empowerment Enterprise II ($682k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $264k. At year end it held assets of $1.2m against liabilities of $153k, net assets of $1.1m. It reported 10 employees.