Vivace Music Foundation

Analysis

Vivace Music Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2021, 5 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, Vivace Music Foundation reported income of $313k and spending of $341k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $228k to $313k (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vivace Music Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Midwest Lumber Museum Inc ($313k), Marblehead Little Theatre Inc ($313k) and Adefua Cultural Education Workshop ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.