Visart Inc

Analysis

Visart Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2020, 6 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 June 2024, Visart Inc reported income of $401k and spending of $410k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $361k to $401k (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 203%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Visart Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Peachtree Learning Center ($401k), Shaker Bridge Theatre Inc ($401k) and Key West Harry S Truman Foundation Inc ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 11% of the total. Other salaries and wages came to $193k. At year end it held assets of $212k against liabilities of $129k, net assets of $84k.