Verona Area Performing Arts Series Inc

Analysis

Verona Area Performing Arts Series Inc is a registered charity in United States, based in Verona, WI. It received its IRS tax-exemption ruling in January 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verona Area Performing Arts Series Inc reported income of $55k and spending of $66k, spending 119% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $57k to $55k (-3.8%), an average of -3.8% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Verona Area Performing Arts Series Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include WTC Memorial Fund Inc ($55k), Northport Galleries Inc ($55k) and French Creek Valley Railroad Historical Society ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $68k against liabilities of $18k, net assets of $50k.