Virtuemedia

Analysis

Virtuemedia is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Virtuemedia reported income of $108k and spending of $143k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $108k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 157% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virtuemedia sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Advocate Community Care Agency Inc ($108k), Brazos Valley Pet Inc ($108k) and Until We Arise ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $37k (25% of expenses). Other salaries and wages came to $5,512. At year end it held assets of $840k against liabilities of $301, net assets of $840k. It reported 4 employees.