Patrons of the Arts in the Vatican Museums Inc

Analysis

Patrons of the Arts in the Vatican Museums Inc is a registered charity in United States, based in Northville, MI. It received its IRS tax-exemption ruling in August 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, Patrons of the Arts in the Vatican Museums Inc reported income of $102k and spending of $68k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $102k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 824%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patrons of the Arts in the Vatican Museums Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Connexus Performing Arts Association Inc ($102k), Associated Friends of Roosevelt Drama ($102k) and Groundwork Music Project Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.