Virginia Tribal Education Consortium

Analysis

Virginia Tribal Education Consortium is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 September 2022, Virginia Tribal Education Consortium reported income of $810k and spending of $748k, spending 92% of its income. Across the 2 years on record, from September 2021 to September 2022, income grew from $393k to $810k (+106%), an average of +106% a year. The sharpest change came in the year to September 2022, when income rose by 106%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Tribal Education Consortium sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Greater Grand Rapids Chamber Foundation ($810k), Catholic Community Connection ($810k) and Scago Public Facilities Corporation for Georgetown County ($810k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (7.9% of expenses). Other salaries and wages came to $406k. At year end it held assets of $147k against liabilities of $0, net assets of $147k. It reported 18 employees.