Williamsburg Area Memorial

Analysis

Williamsburg Area Memorial is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in November 1957, 69 years ago. 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, Williamsburg Area Memorial reported income of $156k and spending of $120k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $156k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Williamsburg Area Memorial sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include New England Philharmonic Inc ($156k), Artspace Community Arts Center ($156k) and Advocates for Better Health - the Foundation ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 10% of the total. At year end it held assets of $181k against liabilities of $50k, net assets of $130k.