Goochland County Historical Society

Analysis

Goochland County Historical Society is a registered charity in United States, based in Goochland, VA. It received its IRS tax-exemption ruling in August 1968, 58 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, Goochland County Historical Society reported income of $58k and spending of $77k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $58k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goochland County Historical Society 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 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($58k), Cullen Lakes Assn ($58k) and PTA North Carolina Congress ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $21k (27% of expenses). At year end it held assets of $850k against liabilities of $0, net assets of $850k. It reported 2 employees.