Vashon Allied Arts Inc

Analysis

Vashon Allied Arts Inc is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in February 1976, 50 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 December 2023, Vashon Allied Arts Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vashon Allied Arts Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Marine Corps Association Foundation ($2.4m), Molluscan Science Foundation Inc ($2.4m) and Arkansas Repertory Theatre Company ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $290k (12% of expenses). Other salaries and wages came to $654k. At year end it held assets of $18.8m against liabilities of $417k, net assets of $18.4m. It reported 77 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.