Friends of the Plaza-Vvp Corporation

Analysis

Friends of the Plaza-Vvp Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2002, 24 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, Friends of the Plaza-Vvp Corporation reported income of $142k and spending of $107k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $142k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Plaza-Vvp Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Capitol Hill Chorale ($142k), New Jersey Intergenerational Orchestra a N J Nonprofit Corp ($142k) and African American Cultural & Historical Museum ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.0m against liabilities of $8,500, net assets of $1.0m.