Shenandoah Valley Steam & Gas Engine Association

Analysis

Shenandoah Valley Steam & Gas Engine Association is a registered charity in United States, based in Berryville, VA. It received its IRS tax-exemption ruling in January 1991, 35 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, Shenandoah Valley Steam & Gas Engine Association reported income of $81k and spending of $50k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $81k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 2116%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shenandoah Valley Steam & Gas Engine Association sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Friends of the Homer Public Library ($81k), Coblentz Society ($81k) and Mentor Richland County ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 50% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.