Van Cliburn Foundation Inc

Analysis

Van Cliburn Foundation Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1967, 59 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 2024, Van Cliburn Foundation Inc reported income of $3.9m and spending of $4.8m, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.9m to $3.9m (-1.7%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 250%. 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, Van Cliburn Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include South Coast Chinese Cultural Asso ($3.8m), Scintillon Institute ($3.9m) and Tampa Theatre Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $470k (9.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $13.7m against liabilities of $869k, net assets of $12.8m. It reported 21 employees.