Mathews County Visitor and Information Center Inc

Analysis

Mathews County Visitor and Information Center Inc is a registered charity in United States, based in Mathews, VA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Mathews County Visitor and Information Center Inc reported income of $261k and spending of $115k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $286k to $261k (-8.5%), an average of -8.5% a year. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mathews County Visitor and Information Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Spoon River Partnership for Economic Development ($261k), Assoc BLDRS & Contractors Ar Chap Appshp & Training TR Fund ($261k) and Greater Port Washington Business Improvement District Assoc Inc ($261k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $52k. It paid $5,756 in professional fundraising fees. At year end it held assets of $787k against liabilities of $5,915, net assets of $781k. It reported 2 employees.