Venezuelan American Endowment for the Arts Inc

Analysis

Venezuelan American Endowment for the Arts Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 2012, 14 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 2022, Venezuelan American Endowment for the Arts Inc reported income of $583k and spending of $216k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $87k to $583k (+566%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 194%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Venezuelan American Endowment for the Arts Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include The Opera House at Boothbay Harbor ($583k), Treehouse Theater ($583k) and Acappella Ministries Inc ($582k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.9m against liabilities of $342k, net assets of $1.5m.