Danville Concert Association Inc

Analysis

Danville Concert Association Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in January 1958, 68 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 June 2023, Danville Concert Association Inc reported income of $96k and spending of $85k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $96k to $96k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danville Concert Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Fond du Lac Symphonic Band Ltd ($96k), Sarasa Inc ($96k) and Glickman Popkin Bassoon Camp ($96k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.