Friends of the Southwest Virginia Museum Historical State Park

Analysis

Friends of the Southwest Virginia Museum Historical State Park is a registered charity in United States, based in Big Stone Gap, VA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of the Southwest Virginia Museum Historical State Park reported income of $312k and spending of $90k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $312k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 3903%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Southwest Virginia Museum Historical State Park 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 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Central Arkansas Sphinx Foundation ($312k), Samaritan Ministries Inc ($312k) and Fort Worth Delta Delta Delta Alumnae Charities ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $963k against liabilities of $0, net assets of $963k.