Visual Communications Media

Analysis

Visual Communications Media is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Visual Communications Media reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $905k to $1.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visual Communications Media sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Virginia Music Educators Association Inc ($1.2m), Highlands Community Theatre Inc ($1.2m) and Noahs Arc Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $91k (6.8% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.3m against liabilities of $453k, net assets of $862k. It reported 11 employees.