Woodgrove Music and Arts Association

Analysis

Woodgrove Music and Arts Association is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woodgrove Music and Arts Association reported income of $119k and spending of $96k, spending 81% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $200k to $119k (-41%), an average of -23% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woodgrove Music and Arts Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Fact Institute Inc ($119k), Big Green Booster Club ($119k) and Arkansas Baptist College Foundation ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 72% of the total. At year end it held assets of $46k against liabilities of $3,379, net assets of $43k.