Friends of the Visual Arts

Analysis

Friends of the Visual Arts is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in March 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 2022, Friends of the Visual Arts reported income of $260k and spending of $255k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $236k to $260k (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Visual Arts sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OR. Charities of a similar size with the same main cause include Photography Without Borders ($260k), Delmarva Discovery Center & Museum Inc ($260k) and Charles W Moore Foundation Inc ($260k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 53% of the total. Other salaries and wages came to $79k. At year end it held assets of $167k against liabilities of $5,613, net assets of $161k. It reported 7 employees.