Vineyard Futureworks

Analysis

Vineyard Futureworks is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in December 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, Vineyard Futureworks reported income of $50k and spending of $85k, spending 171% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $50k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vineyard Futureworks sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 28th percentile within MA. Charities of a similar size with the same main cause include Chicago Cuatro Orchestra Project ($50k), The Centennial Culture Center Inc ($50k) and Seattle Genealogical Society ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.