The Patrons of the Arts in the Vatican Museums

Analysis

The Patrons of the Arts in the Vatican Museums is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $65k and spending of $47k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $65k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Patrons of the Arts in the Vatican Museums sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Edison Academy PTO ($65k), Tatum Education Foundation Inc ($65k) and Chapmans Retreat Elementary PTO ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.