West Virginia Music Hall of Fame Inc

Analysis

West Virginia Music Hall of Fame Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in February 2005, 21 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, West Virginia Music Hall of Fame Inc reported income of $142k and spending of $179k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $142k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Virginia Music Hall of Fame Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within WV. Charities of a similar size with the same main cause include Maryland Club Preservation Foundation Inc ($142k), Wooden Walls Mural Project a NJ Non Profit Corporation ($142k) and Yates County Genealogical and Historical Society ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $105k against liabilities of $58k, net assets of $47k.