Fayette Area Historical Initiative

Analysis

Fayette Area Historical Initiative is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Fayette Area Historical Initiative reported income of $61k and spending of $57k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $61k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fayette Area Historical Initiative sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Digeswari Parivar USA Inc ($61k), Beach Front Dance School ($61k) and American Chekhov Project ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.