Gallery at the Vault Incorporated

Analysis

Gallery at the Vault Incorporated is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Gallery at the Vault Incorporated reported income of $67k and spending of $47k, leaving 29% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income grew from $7,885 to $67k (+750%), an average of +104% a year. The sharpest change came in the year to March 2022, when income rose by 403%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gallery at the Vault Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 17th percentile within VT. Charities of a similar size with the same main cause include Amherst Male Glee Club Inc ($67k), Fiesta United Inc ($67k) and MVL Community Charitable Development Group Inc ($67k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 13% and program service revenue 8.3% of the total. At year end it held assets of $44k against liabilities of $2,408, net assets of $42k.