Visionworkshops Inc

Analysis

Visionworkshops Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2001, 25 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, Visionworkshops Inc reported income of $569k and spending of $579k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $569k (+112%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visionworkshops Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Ariel Theatrical Inc ($569k), Great Lakes Chamber Orchestra Incorporated ($569k) and Little Theater on the Bay Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $140k (24% of expenses). At year end it held assets of $143k against liabilities of $0, net assets of $143k. It reported 1 employees.