Halifax County Historical Society

Analysis

Halifax County Historical Society is a registered charity in United States, based in Halifax, VA. It received its IRS tax-exemption ruling in August 2004, 22 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 August 2023, Halifax County Historical Society reported income of $122k and spending of $27k, leaving 78% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $296k to $122k (-59%), an average of -59% a year. The sharpest change came in the year to August 2023, when income dropped by 59%. Over the whole period it spent 10% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Halifax County Historical Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Earl L and Corinne a Otto Community Theatre Endowment TR ($122k), Gremlin Theatre ($122k) and Rhode Island Heritage Hall of Fame ($122k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $797k against liabilities of $0, net assets of $797k.