Isle of Wight Arts League

Analysis

Isle of Wight Arts League is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in November 1998, 28 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, Isle of Wight Arts League reported income of $186k and spending of $164k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $186k (+12%), an average of +12% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Isle of Wight Arts League sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Bartram Trail High School Band Boosters Association ($186k), Black American West Museum & Heritage Center ($186k) and Jefferson County Historical Society Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 45% of the total. At year end it held assets of $195k against liabilities of $1,691, net assets of $193k.