Verse Video Education Inc

Analysis

Verse Video Education Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in May 2016, 10 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 (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, Verse Video Education Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.4m (+154%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Verse Video Education Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include The Black History Museum and Cultural Center Inc ($1.4m), Multicultural Education and Counseling Through the Arts ($1.4m) and Virginia Commemorations Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $481k. At year end it held assets of $2.1m against liabilities of $127k, net assets of $2.0m. It reported 12 employees.