Vermillion-On-The-Lake Historic Community Center Charitable TR

Analysis

Vermillion-On-The-Lake Historic Community Center Charitable TR is a registered charity in United States, based in Vermilion, OH. It received its IRS tax-exemption ruling in April 2008, 18 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 March 2024, Vermillion-On-The-Lake Historic Community Center Charitable TR reported income of $242k and spending of $116k, leaving 52% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $176k to $242k (+38%), an average of +38% a year. The sharpest change came in the year to March 2024, when income rose by 38%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermillion-On-The-Lake Historic Community Center Charitable TR sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Swedish Womens Educational Association International Inc ($242k), Schaumburg on Stage ($242k) and Paul and Jean Harris Home Foundation ($242k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 25% and program service revenue 48% of the total. At year end it held assets of $599k against liabilities of $20k, net assets of $579k.