Northern Virginia Education Initiative Inc

Analysis

Northern Virginia Education Initiative Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Northern Virginia Education Initiative Inc reported income of $743k and spending of $702k, spending 94% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $93k to $743k (+697%), an average of +52% a year. The sharpest change came in the year to August 2020, when income rose by 132%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern Virginia Education Initiative Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include George Mason Research Foundation Inc ($743k), Creative Montessori Learning Center ($743k) and Entrepreneurs Organization ($743k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $324k. At year end it held assets of $321k against liabilities of $146k, net assets of $175k. It reported 8 employees.