Visual Arts Center Endowment Trust Inc

Analysis

Visual Arts Center Endowment Trust Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in July 2009, 17 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Visual Arts Center Endowment Trust Inc reported income of $142k and spending of $126k, spending 88% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $132k to $142k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to May 2023, when income dropped by 1060%. Over the whole period it spent 132% 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 Arts Center Endowment Trust Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Oil Region Music Preservation Museum ($142k), Brigham City Fine Arts Council ($142k) and Gordon Education Initiatives for the Performing Arts ($142k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.