Vanguard Culture

Analysis

Vanguard Culture is a registered charity in United States, based in San Diego, CA. 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 (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, Vanguard Culture reported income of $289k and spending of $303k, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $37k to $289k (+688%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 179%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vanguard Culture sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Mesquite Arts Council Inc ($289k), Medfield Youth Hockey Assoc ($289k) and Foley Art Center ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $21k (7.0% of expenses). At year end it held assets of $90k against liabilities of $50k, net assets of $40k. It reported 1 employees.