Southeastern Virginia Areawide Model Program Inc

Analysis

Southeastern Virginia Areawide Model Program Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 1973, 53 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 September 2023, Southeastern Virginia Areawide Model Program Inc reported income of $10.2m and spending of $9.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.5m to $10.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southeastern Virginia Areawide Model Program Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Alaska State Fair Incorporated ($10.1m), United States Hunter Jumper Association Inc ($10.2m) and NC Triad Fusion Inc ($10.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $335k (3.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $6.0m against liabilities of $4.0m, net assets of $2.0m. It reported 111 employees.