Virginia Winds Academy Inc

Analysis

Virginia Winds Academy Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Virginia Winds Academy Inc reported income of $80k and spending of $73k, spending 92% of its income. Across the 2 years on record, from June 2021 to June 2023, income fell from $109k to $80k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Winds Academy Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Old Village of Union Historical Sociey ($80k), World Music Foundation ($80k) and Wbac Boylston Access Channel Inc ($80k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. At year end it held assets of $40k against liabilities of $7,035, net assets of $33k.