Martinsville-Henry County Historical Society

Analysis

Martinsville-Henry County Historical Society is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in December 1996, 30 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 May 2022, Martinsville-Henry County Historical Society reported income of $80k and spending of $61k, leaving 24% of income unspent that year. Across the 3 years on record, from May 2020 to May 2022, income grew from $43k to $80k (+88%), an average of +37% a year. The sharpest change came in the year to May 2021, when income rose by 144%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martinsville-Henry County Historical Society sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Village Light Opera Group Ltd ($80k), Marquette Range Iron Mining Heritage Theme Park Inc ($80k) and Nome Schoolhouse Inc ($80k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $4,043 (6.7% of expenses). At year end it held assets of $757k against liabilities of $0, net assets of $757k. It reported 2 employees.