Venetian Arts Society Inc

Analysis

Venetian Arts Society Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in March 2021, 5 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, Venetian Arts Society Inc reported income of $220k and spending of $218k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $220k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Venetian Arts Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include The Mundi Project ($220k), Community Players Inc ($220k) and Lake Wales History Museum Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $15k (6.7% of expenses). At year end it held assets of $1,886 against liabilities of $0, net assets of $1,886.