Roanoke Cultural Endowment

Analysis

Roanoke Cultural Endowment is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in April 2015, 11 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, Roanoke Cultural Endowment reported income of $759k and spending of $122k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $759k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roanoke Cultural Endowment sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include National Center for Childrens ($759k), The W O W Project Inc ($759k) and Roxy Productions Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $40k (33% of expenses). Other salaries and wages came to $2,331. At year end it held assets of $5.6m against liabilities of $1,925, net assets of $5.6m. It reported 2 employees.