Virginia Project Inc

Analysis

Virginia Project Inc is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Virginia Project Inc reported income of $267k and spending of $232k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $354k to $267k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Project Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Texas Fire Museum Inc ($267k), Friends of Peirce Mill Inc ($267k) and Franklin Stock Company at Chapel Hall Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.7% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m. It reported 2 employees.