Vital Arts Inc

Analysis

Vital Arts Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 2019, 7 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, Vital Arts Inc reported income of $135k and spending of $143k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $123k to $135k (+9.2%), an average of +3.0% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vital Arts 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 47th percentile within CA. Charities of a similar size with the same main cause include Florida Surf Museum Inc ($135k), Mesilla Valley Film Society ($135k) and Governors Residence Preservation Fund ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $54k. At year end it held assets of $146k against liabilities of $0, net assets of $146k. It reported 2 employees.