Mount Vernon Ladies Association of the Union

Analysis

Mount Vernon Ladies Association of the Union is a registered charity in United States, based in Mount Vernon, VA. It received its IRS tax-exemption ruling in April 1938, 88 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, Mount Vernon Ladies Association of the Union reported income of $66.1m and spending of $62.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $66.3m to $66.1m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Vernon Ladies Association of the Union sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Gordon Research Conferences ($65.7m), Florida West Coast Symphony Inc ($66.5m) and Donald Danforth Plant Science Center ($65.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $1.7m (2.8% of expenses). Other salaries and wages came to $18.9m. It paid $239k in professional fundraising fees. At year end it held assets of $365.8m against liabilities of $22.4m, net assets of $343.3m. It reported 715 employees.