Virginia Lady Hornets Inc

Analysis

Virginia Lady Hornets Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in February 2018, 8 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 (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 Lady Hornets Inc reported income of $51k and spending of $63k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $51k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Lady Hornets Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include North Carolina Trailblazers Womens Hockey Association Inc ($51k), 5030 Sports ($51k) and LP Youth Football League Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.1% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.