Nelson County Historical Society

Analysis

Nelson County Historical Society is a registered charity in United States, based in Lovingston, VA. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 December 2023, Nelson County Historical Society reported income of $58k and spending of $32k, leaving 45% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $117k to $58k (-51%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nelson County Historical Society sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Parole Annapolis Rotary Club Foundation Inc ($58k), Twin City Christian Service Center Inc ($58k) and United States International Tempest Association ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $880k against liabilities of $11k, net assets of $869k.