Afro American Historical Assoc of Fauquier County

Analysis

Afro American Historical Assoc of Fauquier County is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Afro American Historical Assoc of Fauquier County reported income of $640k and spending of $356k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $640k (+178%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afro American Historical Assoc of Fauquier County sits at the 80th percentile: it is larger than about 80% 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 Northern Plains Ballet ($640k), Austin Creative Alliance ($640k) and Floyd County Historical Society Endowment Fund ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (19% of expenses). Other salaries and wages came to $75k. At year end it held assets of $762k against liabilities of $8,674, net assets of $754k. It reported 7 employees.