Virtue Sports Inc

Analysis

Virtue Sports Inc is a registered charity in United States, based in Hartland, WI. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Virtue Sports Inc reported income of $71k and spending of $47k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $71k (-1.3%), an average of -1.3% a year. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Virtue Sports Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include Gold Star Sailing ($71k), A J Mounted Rangers ($71k) and Strengthen Teens and Reach Inner City Vital Environments ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.