Blacksburg Museum and Cultural Foundation Inc

Analysis

Blacksburg Museum and Cultural Foundation Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Blacksburg Museum and Cultural Foundation Inc reported income of $199k and spending of $251k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $237k to $199k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blacksburg Museum and Cultural Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Musical Theater Village Inc a Nevada Corp ($199k), Mississippi Museum of Natural Science Foundation ($199k) and Northampton Arts Council Inc ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $60k (24% of expenses). Other salaries and wages came to $53k. At year end it held assets of $801k against liabilities of $220k, net assets of $580k. It reported 6 employees.