The Rappahannock Association for the Arts and the Community Inc

Analysis

The Rappahannock Association for the Arts and the Community Inc is a registered charity in United States, based in Washington, VA. It received its IRS tax-exemption ruling in January 1988, 38 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, The Rappahannock Association for the Arts and the Community Inc reported income of $921k and spending of $172k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $921k (+476%), an average of +476% a year. The sharpest change came in the year to December 2023, when income rose by 476%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Rappahannock Association for the Arts and the Community Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Richardson Symphony Inc ($921k), Theater Et Al ($921k) and North Country Childrens Museum ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.