Virginia Woods Property Owners Association Inc

Analysis

Virginia Woods Property Owners Association Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Virginia Woods Property Owners Association Inc reported income of $65k and spending of $76k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $65k (-2.1%), an average of -2.1% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Woods Property Owners Association Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Southeast Enterprise Faciliation Project ($65k), Main Street Woodbury Inc ($65k) and Executive Service Corps of Houston Inc ($65k).

At year end it held assets of $170k against liabilities of $0, net assets of $170k.