Virginia Venom Travel Organization

Analysis

Virginia Venom Travel Organization is a registered charity in United States, based in Toano, VA. It received its IRS tax-exemption ruling in September 2005, 21 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 (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 Venom Travel Organization reported income of $98k and spending of $109k, spending 111% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $103k to $98k (-4.2%), an average of -4.2% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Venom Travel Organization sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Kip Nininger Scholarship Fund ($98k), Lknphoenix Club Inc ($98k) and New Palestine Cadet Football League ($98k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.