Historic Fourth Ward School Foundation

Analysis

Historic Fourth Ward School Foundation is a registered charity in United States, based in Virginia City, NV. It received its IRS tax-exemption ruling in September 2000, 26 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 Fourth Ward School Foundation reported income of $586k and spending of $367k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $586k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 76% 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 Fourth Ward School Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Childrens Museum of Illinois ($586k), National Society of the Colonial Dames of America ($586k) and Arts Center of Kershaw County Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $64k. At year end it held assets of $3.1m against liabilities of $1,720, net assets of $3.1m. It reported 11 employees.