Virginia Valor FC LLC

Analysis

Virginia Valor FC LLC is a registered charity in United States, based in Centreville, VA. It received its IRS tax-exemption ruling in June 2022, 4 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 June 2023, Virginia Valor FC LLC reported income of $2.5m and spending of $2.5m, spending 100% of its income. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Virginia Valor FC LLC sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Norcal Oaks Baseball Club ($2.5m), Summer Camp Opportunities Promote Education Inc ($2.5m) and All Star Code Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $61k. It reported 57 employees.