Tidewater Classic Guitar Society Inc

Analysis

Tidewater Classic Guitar Society Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 1988, 38 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, Tidewater Classic Guitar Society Inc reported income of $89k and spending of $81k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $51k to $89k (+75%), an average of +75% a year. The sharpest change came in the year to June 2024, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tidewater Classic Guitar Society Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Belle Voci ($89k), Rowan County Arts Promotion Foundation Inc ($89k) and Purple Lancers Drum & Bugle Corps of Auburn Ny Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 42% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.