South Boston-Halifax County Museum of Fine Arts and History

Analysis

South Boston-Halifax County Museum of Fine Arts and History is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in January 1983, 43 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 May 2024, South Boston-Halifax County Museum of Fine Arts and History reported income of $2.1m and spending of $125k, leaving 94% of income unspent that year. Across the 4 years on record, from May 2020 to May 2024, income grew from $71k to $2.1m (+2806%), an average of +207% a year. The sharpest change came in the year to May 2024, when income rose by 1572%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Boston-Halifax County Museum of Fine Arts and History sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Women in Dso Inc ($2.1m), Real Presence Radio ($2.1m) and Contemporary Arts Center ($2.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $48k. At year end it held assets of $2.6m against liabilities of $3,662, net assets of $2.6m.