Village Art Club Inc

Analysis

Village Art Club Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in February 1993, 33 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, Village Art Club Inc reported income of $143k and spending of $149k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $168k to $143k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Village Art Club Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AR. Charities of a similar size with the same main cause include Huron Hockey Association Inc ($143k), Joyful Noise Inc ($143k) and Towne Street Theatre ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $27k (18% of expenses). At year end it held assets of $487k against liabilities of $19k, net assets of $468k.

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.