Henry County Furniture Museum Inc

Analysis

Henry County Furniture Museum Inc is a registered charity in United States, based in Bassett, VA. It received its IRS tax-exemption ruling in January 2011, 15 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, Henry County Furniture Museum Inc reported income of $51k and spending of $59k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $51k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Henry County Furniture Museum Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Sweet Adelines International ($51k), Ovations Dance Repertory Corp ($51k) and Historical Society of Plainfield New Jersey ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.