Amazement Square

Analysis

Amazement Square is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in November 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, Amazement Square reported income of $1.5m and spending of $1.8m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amazement Square sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Adirondack Explorer Inc ($1.5m), Garth Fagan Dance Incorporated ($1.5m) and Santa Cruz County Symphony Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $184k (10% of expenses). Other salaries and wages came to $735k. At year end it held assets of $7.6m against liabilities of $350k, net assets of $7.2m. It reported 42 employees.