Montgomery Museum of Art & History

Analysis

Montgomery Museum of Art & History is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, Montgomery Museum of Art & History reported income of $456k and spending of $266k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $456k (+757%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 464%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery Museum of Art & History sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of the Heart of Georgia Inc ($456k), Lifequest Foundation ($456k) and St Stephens Endowment Fund Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $117k (44% of expenses). At year end it held assets of $1.8m against liabilities of $406k, net assets of $1.4m. It reported 6 employees.