Virginia Beach Fellows Inc

Analysis

Virginia Beach Fellows Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Virginia Beach Fellows Inc reported income of $365k and spending of $342k, spending 94% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $249k to $365k (+47%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 26%. 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, Virginia Beach Fellows Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Rochester Community Schools Foundation ($365k), Friends of Tennessees Babies with Special Needs ($365k) and Social Engineering Project Inc ($365k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $199k (58% of expenses). Other salaries and wages came to $12k. At year end it held assets of $124k against liabilities of $8,532, net assets of $116k. It reported 4 employees.