Historic Manassas Inc

Analysis

Historic Manassas Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in October 1989, 37 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 2023, Historic Manassas Inc reported income of $488k and spending of $535k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $570k to $488k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Manassas Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Waldo Theater Inc ($488k), Washington Project for the Arts Inc ($488k) and Norwalk Symphony Society ($488k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $143k. At year end it held assets of $202k against liabilities of $105k, net assets of $97k. It reported 13 employees.