The Danville Museum of Fine Arts and History

Analysis

The Danville Museum of Fine Arts and History is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in May 1972, 54 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 June 2023, The Danville Museum of Fine Arts and History reported income of $409k and spending of $290k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $244k to $409k (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 196%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Danville Museum of Fine Arts and History sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include St Marys Art Center Inc ($409k), Chicago Cultural Alliance ($409k) and Christmasville Rock Hill ($409k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 7.5% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.6m against liabilities of $5,510, net assets of $1.6m. It reported 9 employees.