Norfolk Historical Foundation

Analysis

Norfolk Historical Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Norfolk Historical Foundation reported income of $61k and spending of $19k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $75k to $61k (-19%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk Historical Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Adams St Christian School Foundation ($61k), Lone Elementary PTO ($61k) and Lincoln High School Alumni Association ($61k).

At year end it held assets of $523k against liabilities of $0, net assets of $523k.