Loudoun Museum Inc

Analysis

Loudoun Museum Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in August 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 June 2024, Loudoun Museum Inc reported income of $287k and spending of $287k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $228k to $287k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2024, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loudoun Museum Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Fiddlehead Center for the Arts ($287k), Abhinaya Dance Company of San Jose Inc ($287k) and Old Red Courthouse Inc ($287k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Other salaries and wages came to $171k. At year end it held assets of $420k against liabilities of $948, net assets of $419k. It reported 3 employees.