Rices Hotel-Hughletts Tavern Foundation Inc

Analysis

Rices Hotel-Hughletts Tavern Foundation Inc is a registered charity in United States, based in Heathsville, VA. It received its IRS tax-exemption ruling in January 1994, 32 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 December 2023, Rices Hotel-Hughletts Tavern Foundation Inc reported income of $207k and spending of $195k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $207k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rices Hotel-Hughletts Tavern Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Sutter Club Foundation ($207k), Missouri Street Theatre ($207k) and Silver Lake Institute Cor ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 19% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.