Video Consortium Inc

Analysis

Video Consortium Inc is a registered charity in United States, based in Mount Kisco, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 Consortium Inc reported income of $1.0m and spending of $509k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $1.0m (+1392%), an average of +96% a year. The sharpest change came in the year to December 2021, when income rose by 308%. Over the whole period it spent 47% 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 Consortium 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 75th percentile within NY. Charities of a similar size with the same main cause include Native Hawaiian Hospitality Association ($1.0m), Mesa Verde Museum Association ($1.0m) and Summer Stock Stage Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $1.1m against liabilities of $1,414, net assets of $1.1m.