Vineyard Arts Project Limited

Analysis

Vineyard Arts Project Limited is a registered charity in United States, based in Edgartown, MA. It received its IRS tax-exemption ruling in June 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 (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, Vineyard Arts Project Limited reported income of $222k and spending of $283k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $248k to $222k (-11%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vineyard Arts Project Limited sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include The Village Repertory Co ($222k), Methuen Festival of Trees Inc ($222k) and Ellen Sinopoli Dance Company Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $98k (35% of expenses). Other salaries and wages came to $60k. At year end it held assets of $38k against liabilities of $0, net assets of $38k. It reported 3 employees.