Vermillion Cultural Association

Analysis

Vermillion Cultural Association is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Vermillion Cultural Association reported income of $207k and spending of $216k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $207k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermillion Cultural Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within SD. Charities of a similar size with the same main cause include Women in Security and Privacy ($207k), Kiwanis Club of Inverness Florida Inc ($207k) and Workers Defense League Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 13% of the total. Other salaries and wages came to $90k. At year end it held assets of $427k against liabilities of $10k, net assets of $417k. It reported 12 employees.