WV State Farm Museum Inc

Analysis

WV State Farm Museum Inc is a registered charity in United States, based in Pt Pleasant, WV. It received its IRS tax-exemption ruling in December 1975, 51 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 2024, WV State Farm Museum Inc reported income of $155k and spending of $194k, spending 126% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $129k to $155k (+20%), an average of +9.4% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, WV State Farm Museum Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within WV. Charities of a similar size with the same main cause include Rocknroll Chorus Foundation ($155k), Adirondack Film Society Inc ($155k) and New York Center for Art & Awareness Inc ($155k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $398k against liabilities of $1,630, net assets of $396k.