Vivid Gallery Inc

Analysis

Vivid Gallery Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Vivid Gallery Inc reported income of $150k and spending of $139k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $182k to $150k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vivid Gallery Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Gateway Second Chance Foundation ($150k), The Brentwood Rotary Club Charitable Foundation ($150k) and Menno-Haven Auxiliary Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.