Venetian Heritage Inc

Analysis

Venetian Heritage Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1999, 27 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 Heritage Inc reported income of $2.2m and spending of $345k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $636k to $2.2m (+238%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 68% 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 Heritage Inc sits at the 92nd 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 83rd percentile within NY. Charities of a similar size with the same main cause include The Building for Kids Inc ($2.1m), Ethiopian Community in Seattle ($2.2m) and 47 Palmer Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $38k. At year end it held assets of $3.2m against liabilities of $108k, net assets of $3.1m. It reported 1 employees.