Victor Damico Institute of Art

Analysis

Victor Damico Institute of Art is a registered charity in United States, based in Amagansett, NY. It received its IRS tax-exemption ruling in January 2026. 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 2020, Victor Damico Institute of Art reported income of $144k and spending of $169k, spending 117% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $294k to $144k (-51%), an average of -51% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victor Damico Institute of Art 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 A Compas Inc ($144k), Reclaim the Records ($144k) and Historical Society of Windham County Inc ($144k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $47k. At year end it held assets of $606k against liabilities of $12k, net assets of $594k. It reported 6 employees.