Venice Heritage Foundation

Analysis

Venice Heritage Foundation is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in March 2008, 18 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 May 2024, Venice Heritage Foundation reported income of $244k and spending of $336k, spending 138% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income grew from $78k to $244k (+213%), an average of +77% a year. The sharpest change came in the year to May 2023, when income rose by 91%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Venice Heritage Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Music Is Art ($244k), Crown Broadcasting Company ($244k) and Wilhelm Reich Infant Trust ($244k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.