Virginia African American Cultural Center

Analysis

Virginia African American Cultural Center is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia African American Cultural Center reported income of $531k and spending of $692k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $533k to $531k (-0.2%), an average of -0.2% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia African American Cultural Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Twin Cities International Film Festival ($531k), Connecticut Radio Information System Inc ($531k) and Ella Sharp Museum Association of Jackson ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). At year end it held assets of $179k against liabilities of $3,264, net assets of $175k. It reported 1 employees.