Rva Sports Foundation Inc

Analysis

Rva Sports Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Rva Sports Foundation Inc reported income of $750k and spending of $1.0m, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $109k to $750k (+587%), an average of +90% a year. The sharpest change came in the year to December 2021, when income rose by 318%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rva Sports Foundation Inc sits at the 90th percentile: it is larger than about 90% 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 Northwestern Michigan Fair Association ($750k), Middleburg Spring Race Assoc Inc ($750k) and St Michael Albertville Soccer Club ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% of the total. At year end it held assets of $2.9m against liabilities of $2.8m, net assets of $72k.