The Vincent Price Art Museum Foundation

Analysis

The Vincent Price Art Museum Foundation is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in April 1991, 35 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 June 2023, The Vincent Price Art Museum Foundation reported income of $1.4m and spending of $663k, leaving 54% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $704k to $1.4m (+106%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Vincent Price Art Museum Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Oklahoma Humanities Council Inc ($1.4m), Hilton Head Island Concours D Elegance Inc ($1.5m) and Kidstream ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $268k. At year end it held assets of $3.1m against liabilities of $16k, net assets of $3.1m. It reported 5 employees.