Pro-Art Association a Chapter of the Virginia Museum of Fine Arts

Analysis

Pro-Art Association a Chapter of the Virginia Museum of Fine Arts is a registered charity in United States, based in Wise, VA. It received its IRS tax-exemption ruling in November 1978, 48 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, Pro-Art Association a Chapter of the Virginia Museum of Fine Arts reported income of $427k and spending of $366k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $290k to $427k (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pro-Art Association a Chapter of the Virginia Museum of Fine Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Safy Foundation Inc ($427k), Arts Alive Inc ($427k) and Childrens Performing Arts ($427k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $116k. At year end it held assets of $552k against liabilities of $1,241, net assets of $551k. It reported 3 employees.