American Vicarious Inc

Analysis

American Vicarious Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2018, 8 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, American Vicarious Inc reported income of $178k and spending of $350k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $511k to $178k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Vicarious Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Biosphere Foundation ($178k), Little Italy of Los Angeles Association ($178k) and Roswell High School Band Booster Association Inc ($178k).

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 $75k (21% of expenses). Other salaries and wages came to $65k. At year end it held assets of $566k against liabilities of $2,113, net assets of $564k. It reported 7 employees.