Video Veracity Inc

Analysis

Video Veracity Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 1994, 32 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, Video Veracity Inc reported income of $990k and spending of $990k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $713k to $990k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Video Veracity Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include Save the Grand Theatre Inc ($990k), Ballet Spartanburg Inc ($990k) and Museum at Belcourt Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $143k, net assets of $0.