Virtual Aviation of Minnesota

Analysis

Virtual Aviation of Minnesota is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virtual Aviation of Minnesota reported income of $86k and spending of $88k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $86k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virtual Aviation of Minnesota sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Grassfield Orchestra Parents Association ($86k), Academy of Lifelong Learning of Cape Cod Inc ($86k) and Buist Academy Foundation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $791 against liabilities of $2,118, net assets of -$1,327.