Vortex Inc

Analysis

Vortex Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1978, 48 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 October 2023, Vortex Inc reported income of $145k and spending of $221k, spending 153% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $235k to $145k (-39%), an average of -12% a year. The sharpest change came in the year to October 2021, when income rose by 40%. 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, Vortex Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Carlos Lezama Archives and Caribbean Cultural Center ($145k), Cincinnati Athletic Club Preservation Foundation ($145k) and Georgia E Gregory Interdenominational School of MSC ($145k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $28k. At year end it held assets of $653k against liabilities of $376k, net assets of $276k. It reported 5 employees.