Virgin Valley Artists Association

Analysis

Virgin Valley Artists Association is a registered charity in United States, based in Mesquite, NV. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2024, Virgin Valley Artists Association reported income of $199k and spending of $157k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $208k to $199k (-4.7%), an average of -2.4% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virgin Valley Artists Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within NV. Charities of a similar size with the same main cause include Architectural Foundation of Cincinnati Incorporated ($199k), Theater for Young Audiences Inc ($199k) and Endangered Species Theatre Project ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 61% of the total. At year end it held assets of $322k against liabilities of $4,494, net assets of $318k.