Albemarle County Historical Society Inc

Analysis

Albemarle County Historical Society Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1970, 56 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 (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 2023, Albemarle County Historical Society Inc reported income of $306k and spending of $291k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $369k to $306k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albemarle County Historical Society Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Hack Reduce Inc ($306k), Arts Council of Lake Oswego ($306k) and Bocon Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $83k (29% of expenses). Other salaries and wages came to $53k. At year end it held assets of $228k against liabilities of $2,665, net assets of $225k. It reported 4 employees.