Virginia Therapy Services Inc

Analysis

Virginia Therapy Services Inc is a registered charity in United States, based in Cobbs Creek, VA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Virginia Therapy Services Inc reported income of $124k and spending of $89k, leaving 28% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 1712%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Therapy Services Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include My-Ginas Child Care & Community Service Inc ($124k), The Murray Main Street Program Inc ($124k) and Illinois Potable Water Supply Operators Association ($124k).

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 $1 against liabilities of $0, net assets of $1.