State Fair of Virginia Inc

Analysis

State Fair of Virginia Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2014, 12 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, State Fair of Virginia Inc reported income of $487k and spending of $397k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $487k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Fair of Virginia Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include A-Wol Dance Collective Inc ($487k), Music Academy NFP ($487k) and Rasika Society for Arts of India ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 40% of the total. At year end it held assets of $1.2m against liabilities of $572k, net assets of $653k.