Vilar Performing Arts Center Inc

Analysis

Vilar Performing Arts Center Inc is a registered charity in United States, based in Avon, CO. It received its IRS tax-exemption ruling in October 1995, 31 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 May 2023, Vilar Performing Arts Center Inc reported income of $7.7m and spending of $7.0m, spending 91% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $26k to $7.7m (+29124%), an average of +564% a year. The sharpest change came in the year to May 2021, when income rose by 8939%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vilar Performing Arts Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Auburn Automotive Heritage Inc ($7.7m), The Fort Ticonderoga Association Inc ($7.7m) and The Arkansas Symphony Orchestra Society Inc ($7.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $211k (3.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $22.6m against liabilities of $1.1m, net assets of $21.5m. It reported 96 employees.