Alabama Visual Arts Network

Analysis

Alabama Visual Arts Network is a registered charity in United States, based in Vestavia, AL. It received its IRS tax-exemption ruling in March 1969, 57 years ago. 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, Alabama Visual Arts Network reported income of $67k and spending of $122k, spending 182% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $67k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Visual Arts Network sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Waco Volunteer Fire Department Inc ($67k), Church of God of the First Born 7th Day Inc - of Brooklyn ($67k) and Carolina Loggers Foundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.