Chincoteague Cultural Alliance Inc

Analysis

Chincoteague Cultural Alliance Inc is a registered charity in United States, based in Chincoteague, VA. It received its IRS tax-exemption ruling in June 2005, 21 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, Chincoteague Cultural Alliance Inc reported income of $160k and spending of $122k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $160k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chincoteague Cultural Alliance Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Historic Washington Foundation Inc ($160k), D-Day Ohio Inc ($160k) and Richardson Theatre Center Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. At year end it held assets of $538k against liabilities of $0, net assets of $538k.