Great Falls Foundation for the Artsinc

Analysis

Great Falls Foundation for the Artsinc is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in August 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Falls Foundation for the Artsinc reported income of $294k and spending of $269k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $211k to $294k (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Falls Foundation for the Artsinc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Los Angeles Youth Symphony Orchestra ($294k), Pottery Museum Red Wing Inc ($294k) and Theater for Personal Growth Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 74% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.