Vail Performing Arts Academy Inc

Analysis

Vail Performing Arts Academy Inc is a registered charity in United States, based in Edwards, CO. It received its IRS tax-exemption ruling in December 1998, 28 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 December 2023, Vail Performing Arts Academy Inc reported income of $232k and spending of $244k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $321k to $232k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vail Performing Arts Academy Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include St Louis Building Arts Foundation ($232k), Riseup Labs ($232k) and Ether Sea Projects Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $134k (55% of expenses). At year end it held assets of $213k against liabilities of $74, net assets of $213k. It reported 1 employees.