Rappahannock Concert Association Inc

Analysis

Rappahannock Concert Association Inc is a registered charity in United States, based in Heathsville, VA. It received its IRS tax-exemption ruling in July 2000, 26 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 May 2024, Rappahannock Concert Association Inc reported income of $140k and spending of $117k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $111k to $140k (+26%), an average of +26% a year. The sharpest change came in the year to May 2024, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rappahannock Concert Association Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Ballet Guild of Ithaca Inc ($140k), Schweiger Ranch Foundation ($140k) and Ferndale Museum Inc ($140k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.