Vanguard Music and Performing Arts

Analysis

Vanguard Music and Performing Arts is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Vanguard Music and Performing Arts reported income of $4.3m and spending of $2.7m, leaving 38% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $6.0m to $4.3m (-28%), an average of -8.0% a year. The sharpest change came in the year to October 2020, when income dropped by 67%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vanguard Music and Performing Arts sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Thomas Sumter Academy Inc ($4.3m), Hernando Christian Private Academy Inc ($4.3m) and Westside Academy Inc ($4.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 32% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $193k (7.2% of expenses). Other salaries and wages came to $644k. At year end it held assets of $3.1m against liabilities of $511k, net assets of $2.6m. It reported 44 employees.