The Vigil Project Inc

Analysis

The Vigil Project Inc is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in June 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 2022, The Vigil Project Inc reported income of $138k and spending of $140k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $51k to $138k (+169%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 166%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Vigil Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within LA. Charities of a similar size with the same main cause include Wake Forest Youth Ballet ($138k), Running to Places Theatre Company Limited ($138k) and Lake Region Heritage Center Inc ($138k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $123k (88% of expenses). It paid $5,674 in professional fundraising fees. At year end it held assets of $21k against liabilities of $80k, net assets of -$59k.