Society of the Cincinnati in the State of Virginia

Analysis

Society of the Cincinnati in the State of Virginia is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in May 1937, 89 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 June 2023, Society of the Cincinnati in the State of Virginia reported income of $353k and spending of $428k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $411k to $353k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income dropped by 64%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Cincinnati in the State of Virginia sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Playhouse 46 Inc ($353k), World Music Productions Inc ($353k) and Island Choral Experience ($353k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 3.1% of the total. At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.