Victor Association of Cultural and Performing Arts Inc

Analysis

Victor Association of Cultural and Performing Arts Inc is a registered charity in United States, based in Farmington, NY. It received its IRS tax-exemption ruling in April 1984, 42 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, Victor Association of Cultural and Performing Arts Inc reported income of $3.3m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victor Association of Cultural and Performing Arts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Phoenix Theatre Inc ($3.3m), Caribbean Coastal Ocean Observing System Inc ($3.3m) and American Association of People with Disabilities ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $113k (3.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.4m against liabilities of $1.3m, net assets of $1.1m. It reported 82 employees.