Clifton Forge Company

Analysis

Clifton Forge Company is a registered charity in United States, based in Clifton Forge, VA. It received its IRS tax-exemption ruling in August 2010, 16 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, Clifton Forge Company reported income of $161k and spending of $229k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $161k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clifton Forge Company sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Juventas Music ($161k), Ua Vocal Music Boosters Inc ($161k) and Studio Arts College International Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $73k (32% of expenses). Other salaries and wages came to $16k. At year end it held assets of $688k against liabilities of $0, net assets of $688k. It reported 5 employees.