The Governors School for the Arts Foundation Inc

Analysis

The Governors School for the Arts Foundation Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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 2024, The Governors School for the Arts Foundation Inc reported income of $668k and spending of $687k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $390k to $668k (+71%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 47%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Governors School for the Arts Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Sunshine House Inc ($668k), Vesta Community Housing Development Board Inc ($668k) and National Japanese American Historical Society Inc ($668k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.