Virginia Quilt Museum Inc

Analysis

Virginia Quilt Museum Inc is a registered charity in United States, based in Dayton, VA. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Virginia Quilt Museum Inc reported income of $267k and spending of $262k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $151k to $267k (+77%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Quilt Museum Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Calico Rock Community Foundation Inc ($267k), Wukchumni Tribe ($267k) and Lucas Arts and Humanities Council Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 45% of the total. Other salaries and wages came to $105k. At year end it held assets of $685k against liabilities of $6,661, net assets of $679k. It reported 6 employees.