Northern Virginia Fine Arts Association

Analysis

Northern Virginia Fine Arts Association is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1964, 62 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 June 2023, Northern Virginia Fine Arts Association reported income of $215k and spending of $193k, spending 90% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $238k to $215k (-9.8%), an average of -5.0% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Virginia Fine Arts Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Dreamality Inc ($215k), Parangal Dance Company ($215k) and Spirito ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 21% of the total. Other salaries and wages came to $97k. At year end it held assets of $561k against liabilities of $25k, net assets of $536k. It reported 6 employees.