Petersburg Area Art League Inc

Analysis

Petersburg Area Art League Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in August 1975, 51 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, Petersburg Area Art League Inc reported income of $91k and spending of $125k, spending 138% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $74k to $91k (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 129%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Petersburg Area Art League Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Georgetown-Scott County Museum Inc ($91k), Link Art Gallery ($91k) and New Hampshire Fiddle Ensemble Inc ($91k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. At year end it held assets of $864k against liabilities of $0, net assets of $864k.