1455 Inc

Analysis

1455 Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in May 2018, 8 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, 1455 Inc reported income of $1.1m and spending of $315k, leaving 71% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $347k to $1.1m (+215%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1455 Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Flower City Arts Center Inc ($1.1m), Justiceaid ($1.1m) and Packard Motorcar Foundation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $75k (24% of expenses). At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.4m. It reported 1 employees.