Shenandoah Valley Art Center Inc

Analysis

Shenandoah Valley Art Center Inc is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in January 1986, 40 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, Shenandoah Valley Art Center Inc reported income of $239k and spending of $358k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $239k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shenandoah Valley Art Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Museum of Northern California Art ($239k), Tampa Metropolitan Youth Orchestra Inc ($239k) and Garnerville Arts Project Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 60% of the total. Other salaries and wages came to $77k. At year end it held assets of $2.3m against liabilities of $869k, net assets of $1.4m. It reported 3 employees.