Visions in Rhythm

Analysis

Visions in Rhythm is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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 July 2023, Visions in Rhythm reported income of $252k and spending of $375k, spending 149% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $524k to $252k (-52%), an average of -17% a year. The sharpest change came in the year to July 2023, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visions in Rhythm sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Ronald McDonald House Charities Inc ($252k), Active Seniors Inc ($252k) and Community Housing Alternatives Inc ($252k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $95k (25% of expenses). At year end it held assets of $187k against liabilities of $257k, net assets of -$70k. It reported 1 employees.