Visual Arts Exchange

Analysis

Visual Arts Exchange is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2023, Visual Arts Exchange reported income of $490k and spending of $395k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $619k to $490k (-21%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visual Arts Exchange sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Roxbury Arts Group Inc ($490k), Camarillo Wings Association ($490k) and Higher Octave Healing Inc ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $78k. At year end it held assets of $628k against liabilities of $317k, net assets of $311k. It reported 6 employees.