West Virginia Black Heritage Festival Inc

Analysis

West Virginia Black Heritage Festival Inc is a registered charity in United States, based in Clarksburg, WV. It received its IRS tax-exemption ruling in June 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Virginia Black Heritage Festival Inc reported income of $150k and spending of $190k, spending 127% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $216k to $150k (-31%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Virginia Black Heritage Festival Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within WV. Charities of a similar size with the same main cause include Sawnee Ballet Theatre Inc ($150k), House of the Arts International Inc ($150k) and Boise Hive ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 43% of the total. At year end it held assets of $197k against liabilities of $0, net assets of $197k.