Lynchburg Museum Foundation

Analysis

Lynchburg Museum Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lynchburg Museum Foundation reported income of $70k and spending of $12k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $70k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lynchburg Museum Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include Bayou Villages Chapter National Charity League Inc ($70k), Greater Houston Community Foundation ($70k) and Ivy Center Foundation of Nashville Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $918k against liabilities of $107, net assets of $918k.