Victoria Theater Arts Center

Analysis

Victoria Theater Arts Center is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 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, Victoria Theater Arts Center reported income of $1.5m and spending of $394k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $234k to $1.5m (+529%), an average of +85% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victoria Theater Arts Center 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 MN. Charities of a similar size with the same main cause include Claremont Community School of Music ($1.5m), Downtown Events Group Inc ($1.5m) and Comunidades Indigenas En Liderazgo Corp ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $41k (10% of expenses). Other salaries and wages came to $96k. At year end it held assets of $4.4m against liabilities of $4,083, net assets of $4.4m. It reported 9 employees.