Historic Petersburg Foundation Inc

Analysis

Historic Petersburg Foundation Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in December 1968, 58 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 March 2024, Historic Petersburg Foundation Inc reported income of $397k and spending of $437k, spending 110% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $114k to $397k (+249%), an average of +37% a year. The sharpest change came in the year to March 2024, when income rose by 391%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Petersburg Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Beck Cultural Exchange Center Inc ($397k), Io Foundation ($397k) and Artists Archives of the Western Reserve ($397k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.0m against liabilities of $872, net assets of $1.0m. It reported 1 employees.