Association for the Preservation of Virginia Antiquities

Analysis

Association for the Preservation of Virginia Antiquities is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1941, 85 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 June 2023, Association for the Preservation of Virginia Antiquities reported income of $6.1m and spending of $6.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $6.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for the Preservation of Virginia Antiquities sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Oklahoma Philharmonic Society Inc ($6.1m), Adirondack Historical Association ($6.1m) and Cicero Research ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $181k (3.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $28.6m against liabilities of $1.4m, net assets of $27.2m. It reported 153 employees.