Vagabond School of the Drama Inc

Analysis

Vagabond School of the Drama Inc is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in October 1952, 74 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Vagabond School of the Drama Inc reported income of $3.8m and spending of $4.1m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.0m to $3.8m (-5.7%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vagabond School of the Drama Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Forward Impact ($3.8m), Actionaid USA ($3.8m) and Silicon Andhra ($3.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% and program service revenue 76% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.1m against liabilities of $2.5m, net assets of $2.5m. It reported 152 employees.