Historic Morgantown Post Office Building Inc

Analysis

Historic Morgantown Post Office Building Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in October 2019, 7 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, Historic Morgantown Post Office Building Inc reported income of $71k and spending of $43k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $650k to $71k (-89%), an average of -67% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 9.3% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Morgantown Post Office Building Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WV. Charities of a similar size with the same main cause include Springfield Old Capitol Art Fair ($71k), Share Science Inc ($71k) and Pittsburgh Chinese Culture Center Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. It paid $9,000 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $366k, net assets of $730k.