National Vietnam Veterans Art Museum

Analysis

National Vietnam Veterans Art Museum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, National Vietnam Veterans Art Museum reported income of $1.3m and spending of $407k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $1.3m (+324%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 738%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Vietnam Veterans Art Museum sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Public Agenda Inc ($1.3m), Florida Christian Manor Inc ($1.3m) and First Amendment Coalition ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $110k (27% of expenses). Other salaries and wages came to $48k. At year end it held assets of $998k against liabilities of $86k, net assets of $912k. It reported 3 employees.