The Patrons of the Arts in the Vatican Museums Inc

Analysis

The Patrons of the Arts in the Vatican Museums Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 2002, 24 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, The Patrons of the Arts in the Vatican Museums Inc reported income of $146k and spending of $10k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $146k (+241%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 547%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Patrons of the Arts in the Vatican Museums Inc 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 47th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Wonder Lake Water Ski Show Team ($146k), Best Video Film & Cultural Center ($146k) and Treasure Coast Community Singers ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 35% of the total. At year end it held assets of $604k against liabilities of $0, net assets of $604k.