Science Museum of Western Virginia

Analysis

Science Museum of Western Virginia is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1970, 56 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, Science Museum of Western Virginia reported income of $694k and spending of $748k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $694k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Science Museum of Western Virginia sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Apex Art Curatorial Program Inc ($694k), Citadelle Art Foundation ($694k) and Burris Park Foundation ($693k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $75k (10% of expenses). Other salaries and wages came to $367k. At year end it held assets of $344k against liabilities of $112k, net assets of $232k. It reported 35 employees.