Avoca Museum and Historical Society

Analysis

Avoca Museum and Historical Society is a registered charity in United States, based in Altavista, VA. It received its IRS tax-exemption ruling in December 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Avoca Museum and Historical Society reported income of $231k and spending of $231k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $107k to $231k (+115%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 124%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Avoca Museum and Historical Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Yeshiva Hakayitz of Detroit ($231k), Eugene Symphony Foundation ($231k) and Wabash Valley Dance Theatre ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $100k. At year end it held assets of $836k against liabilities of $2,875, net assets of $833k. It reported 2 employees.