Archeological Society of Virginia

Analysis

Archeological Society of Virginia is a registered charity in United States, based in Charles City, VA. It received its IRS tax-exemption ruling in February 1964, 62 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, Archeological Society of Virginia reported income of $57k and spending of $86k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $57k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Archeological Society of Virginia sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Road Runners Club of America ($57k), Elks Veterans Bunker ($57k) and American Youth Football Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.