Virginia Discovery Museum Inc

Analysis

Virginia Discovery Museum Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in June 1982, 44 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 2024, Virginia Discovery Museum Inc reported income of $927k and spending of $703k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $453k to $927k (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Discovery Museum Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include A Far Cry Inc ($926k), Friends of the Railroad Museum of Pennsylvania ($927k) and American Society of Civil Engineers ($926k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $222k (32% of expenses). Other salaries and wages came to $241k. At year end it held assets of $2.3m against liabilities of $119k, net assets of $2.2m. It reported 9 employees.