Historic St Lukes Restoration

Analysis

Historic St Lukes Restoration is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in September 1954, 72 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, Historic St Lukes Restoration reported income of $1.0m and spending of $767k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $583k to $1.0m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 257%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic St Lukes Restoration sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Ballet Palm Beach Inc ($1.0m), Earshot Jazz Society of Seattle ($1.0m) and Elevator Repair Service Theater Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $66k (8.6% of expenses). Other salaries and wages came to $303k. At year end it held assets of $6.1m against liabilities of $65k, net assets of $6.1m. It reported 15 employees.