Visionaries Inc

Analysis

Visionaries Inc is a registered charity in United States, based in Stoughton, MA. It received its IRS tax-exemption ruling in March 1996, 30 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 July 2021, Visionaries Inc reported income of $199k and spending of $195k, spending 98% of its income. Across the 3 years on record, from July 2019 to July 2021, income fell from $651k to $199k (-69%), an average of -45% a year. The sharpest change came in the year to July 2021, when income dropped by 70%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visionaries Inc 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 MA. Charities of a similar size with the same main cause include Friends of the Bonnie Kate Inc ($199k), Watsontown Historical Association ($199k) and Oakley Valley Arts Council Inc ($199k).

On its Form 990 for the period ending July 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2,500. At year end it held assets of $89k against liabilities of $59k, net assets of $30k. It reported 3 employees.