West Virginia Country Music Hall of Fame and Museum Inc

Analysis

West Virginia Country Music Hall of Fame and Museum Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in December 1997, 29 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 December 2023, West Virginia Country Music Hall of Fame and Museum Inc reported income of $182k and spending of $179k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $182k (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Virginia Country Music Hall of Fame and Museum Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WV. Charities of a similar size with the same main cause include Southborough Access Media Inc ($182k), Ipswich Museum Inc ($182k) and That Uppity Theatre Company ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 55% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.