Village Arts Foundation Inc

Analysis

Village Arts Foundation Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in March 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, Village Arts Foundation Inc reported income of $517k and spending of $509k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $98k to $517k (+428%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Village Arts Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Longview World of Wonders ($517k), Georgia Lawyers for the Arts Inc ($517k) and Lachey Arts Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $160k (31% of expenses). At year end it held assets of $346k against liabilities of $88k, net assets of $258k. It reported 2 employees.