Vaw VRC

Analysis

Vaw VRC is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 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, Vaw VRC reported income of $182k and spending of $142k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $182k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vaw VRC sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Festival Opera Association Inc ($182k), Pasadena Master Chorale Assn ($182k) and Historical Society of the Cocalico Valley ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 44% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.