Virginia Commemorations Inc

Analysis

Virginia Commemorations Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2016, 10 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 June 2024, Virginia Commemorations Inc reported income of $1.4m and spending of $373k, leaving 73% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.9m to $1.4m (-27%), an average of -6.0% a year. The sharpest change came in the year to June 2024, when income rose by 7290%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Commemorations Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Sons of the Revolution in the State of New York Inc ($1.4m), The Black History Museum and Cultural Center Inc ($1.4m) and Dance Service New York City Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. It paid $85k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.