Virginia Highlands Youth Golf Academy

Analysis

Virginia Highlands Youth Golf Academy is a registered charity in United States, based in Hot Springs, VA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Highlands Youth Golf Academy reported income of $67k and spending of $3,397, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $67k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 6.3% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Highlands Youth Golf Academy sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Los Alamos Hockey Association ($67k), Sudbury Girls Softball League Inc ($67k) and Southern Association of USA Track & Field ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.