Norfolk & Western Historical Society Inc

Analysis

Norfolk & Western Historical Society Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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, Norfolk & Western Historical Society Inc reported income of $245k and spending of $130k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $245k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norfolk & Western Historical Society Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include C S Lewis Foundation ($245k), Love Inc of Skagit County-In the Name of Christ ($245k) and Oakland Progressive Daycare Center Incorporated ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 2.0% of the total. At year end it held assets of $1.2m against liabilities of $13k, net assets of $1.2m.