Colonial Markets and Colonial Fairs Inc

Analysis

Colonial Markets and Colonial Fairs Inc is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in August 1981, 45 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colonial Markets and Colonial Fairs Inc reported income of $275k and spending of $150k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $275k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colonial Markets and Colonial Fairs Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Concord Players Inc ($275k), Stonewall Sports Chicago ($275k) and Franklin Mineral Museum Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $77k, net assets of $1.6m.