Wythe County Historical Society

Analysis

Wythe County Historical Society is a registered charity in United States, based in Wytheville, VA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 February 2024, Wythe County Historical Society reported income of $223k and spending of $209k, spending 94% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $7,848 to $223k (+2744%), an average of +131% a year. The sharpest change came in the year to February 2022, when income rose by 3168%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wythe County Historical Society sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Loft School of Marion Inc ($223k), Emotions in Harmony Inc ($223k) and Apple Farm Community Inc ($223k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 5.6% and program service revenue 67% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.