VMTS Education Inc

Analysis

VMTS Education Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2020, 6 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, VMTS Education Inc reported income of $3.3m and spending of $2.6m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.7m to $3.3m (+99%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, VMTS Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Northern California Center for the Arts ($3.3m), Samuel S Fleisher Art Memorial Inc ($3.3m) and Providence Childrens Museum ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $571k (22% of expenses). Other salaries and wages came to $724k. At year end it held assets of $2.3m against liabilities of $17k, net assets of $2.3m. It reported 12 employees.