Virginia Chance School Inc

Analysis

Virginia Chance School Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Virginia Chance School Inc reported income of $4.8m and spending of $4.1m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.6m to $4.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to May 2023, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Chance School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Community Resource Center Inc ($4.8m), Business Technology Career Opportunities Inc ($4.8m) and Young Judaea Camp Sprout Lake ($4.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $141k (3.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.1m against liabilities of $2.5m, net assets of $4.5m. It reported 107 employees.