Virginia Grand Military Band Incorporated

Analysis

Virginia Grand Military Band Incorporated is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Grand Military Band Incorporated reported income of $62k and spending of $81k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $62k (+327%), an average of +327% a year. The sharpest change came in the year to December 2023, when income rose by 327%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Grand Military Band Incorporated sits at the 27th percentile: it is larger than about 27% 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 Explore Forest City ($62k), Astronomers Without Borders Inc ($62k) and Belfast Museum Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.