Visual Arts Foundation Inc

Analysis

Visual Arts Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1968, 58 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, Visual Arts Foundation Inc reported income of $570k and spending of $312k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $780k to $570k (-27%), an average of -9.9% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visual Arts Foundation 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 Let It Ripple Inc ($569k), Minnesota Boychoir ($570k) and Holter Museum of Art Inc ($569k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 11% of the total. At year end it held assets of $4.2m against liabilities of $22k, net assets of $4.2m.