Alleghany Historical Society

Analysis

Alleghany Historical Society is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 December 2023, Alleghany Historical Society reported income of $91k and spending of $167k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income fell from $737k to $91k (-88%), an average of -41% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alleghany Historical Society sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Burlington Baseball Association Inc ($91k), Buffalo Green Fund Inc C O Elizabeth M Blum ($91k) and PTA Texas Congress ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (21% of expenses). At year end it held assets of $1.4m against liabilities of $84k, net assets of $1.3m. It reported 1 employees.