Belle Grove Inc

Analysis

Belle Grove Inc is a registered charity in United States, based in Middletown, VA. It received its IRS tax-exemption ruling in April 1979, 47 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 December 2023, Belle Grove Inc reported income of $1.2m and spending of $663k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $531k to $1.2m (+128%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belle Grove Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Latvian Center Garezers Inc ($1.2m), Opening Act Inc ($1.2m) and National Hellenic Society Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 11% of the total. Other salaries and wages came to $240k. At year end it held assets of $4.0m against liabilities of $34k, net assets of $3.9m. It reported 8 employees.