Society of the Lees of Virginia

Analysis

Society of the Lees of Virginia is a registered charity in United States, based in Sherwood FRST, MD. It received its IRS tax-exemption ruling in June 1971, 55 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, Society of the Lees of Virginia reported income of $57k and spending of $69k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $11k to $57k (+421%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 470%. Over the whole period it spent 241% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Lees of Virginia sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include San Diego Geological Society ($57k), Lowell Historical Society ($57k) and FPC Concerts Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $614k against liabilities of $0, net assets of $614k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.