Academy of Visual and Performing Arts Foundation

Analysis

Academy of Visual and Performing Arts Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in November 2020, 6 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 June 2023, Academy of Visual and Performing Arts Foundation reported income of $167k and spending of $155k, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $95k to $167k (+75%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 182%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Visual and Performing Arts Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Art Seed ($167k), Aspirnaut ($167k) and Link Theatre Company Inc ($167k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.