Vem USA Inc

Analysis

Vem USA Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in January 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vem USA Inc reported income of $316k and spending of $511k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $316k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vem USA Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Archaeology in the Community ($316k), Arts for the City Inc ($316k) and Arts Foundation Federal Way ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.