Essex County Museum and Historical Society Inc

Analysis

Essex County Museum and Historical Society Inc is a registered charity in United States, based in Tappahannock, VA. It received its IRS tax-exemption ruling in January 1997, 29 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, Essex County Museum and Historical Society Inc reported income of $140k and spending of $172k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $140k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Essex County Museum and Historical Society Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Kansas Ballet Company ($140k), Innersource Commons Foundation ($140k) and Boston Comic Arts Foundation Limited ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $66k (38% of expenses). Other salaries and wages came to $30k. At year end it held assets of $871k against liabilities of $81k, net assets of $790k. It reported 3 employees.