Mary Ball Washington Museum & Library Inc

Analysis

Mary Ball Washington Museum & Library Inc is a registered charity in United States, based in Lancaster, VA. It received its IRS tax-exemption ruling in August 1959, 67 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, Mary Ball Washington Museum & Library Inc reported income of $105k and spending of $168k, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $197k to $105k (-47%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mary Ball Washington Museum & Library Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Chinese School of Caacf Inc ($105k), Colima Pasco Collaboration and Friendship Association ($105k) and Elaine Legacy Center Inc ($105k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 169% and program service revenue 2.2% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.3m against liabilities of $2,540, net assets of $1.3m. It reported 2 employees.