Verdine White Performing Arts Center Inc

Analysis

Verdine White Performing Arts Center Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2024, Verdine White Performing Arts Center Inc reported income of $79k and spending of $59k, leaving 26% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $132k to $79k (-40%), an average of -40% a year. The sharpest change came in the year to March 2024, when income dropped by 40%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Verdine White Performing Arts Center Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Auxiliary to the Boys and Girls Club of Bloomington ($79k), Robert & Wilma Burbach Bike Foundation of MN Inc ($79k) and Wilderness Adventures for Kids Everywhere Inc ($79k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.