Verdigris Ensemble Inc

Analysis

Verdigris Ensemble Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 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, Verdigris Ensemble Inc reported income of $331k and spending of $352k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $374k to $331k (-11%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 345%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Verdigris Ensemble Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Chisholm Trail Museum Inc ($331k), Washington State Korean-American Education and Culture Foundation ($332k) and Art Lab Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.