Virgin Islands Olympic Committee Inc

Analysis

Virgin Islands Olympic Committee Inc is a registered charity in United States, based in Kingshill, VI. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, Virgin Islands Olympic Committee Inc reported income of $710k and spending of $1.2m, spending 163% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $776k to $710k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to September 2022, when income rose by 80%. 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, Virgin Islands Olympic Committee Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 82nd percentile within VI. Charities of a similar size with the same main cause include Beekman Library ($710k), North Star Child Advocacy Center Inc ($710k) and Fallbrook Center for the Arts Inc ($710k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.