Loudoun Heritage Farm Museum

Analysis

Loudoun Heritage Farm Museum is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in May 1999, 27 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, Loudoun Heritage Farm Museum reported income of $321k and spending of $286k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $321k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loudoun Heritage Farm Museum sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Friends of the Saint Marys Theater and Grand Opera House Inc ($321k), Michigan Ballet Academy ($321k) and Nightboat Books Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $62k (22% of expenses). Other salaries and wages came to $128k. At year end it held assets of $588k against liabilities of -$24, net assets of $588k. It reported 14 employees.