National Independent Venue Foundation

Analysis

National Independent Venue Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 June 2023, National Independent Venue Foundation reported income of $432k and spending of $645k, spending 149% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.6m to $432k (-88%), an average of -65% a year. The sharpest change came in the year to June 2022, when income dropped by 72%. 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, National Independent Venue Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Abf Fund ($432k), Calusa Nature Center & Planetarium Inc ($432k) and The Mahea Uchiyama Center for International Dance ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $106k (17% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.3m against liabilities of $62k, net assets of $1.2m.