Center for Cultural Vibrancy

Analysis

Center for Cultural Vibrancy is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 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 (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, Center for Cultural Vibrancy reported income of $111k and spending of $609k, spending 551% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.8m to $111k (-97%), an average of -83% a year. The sharpest change came in the year to December 2022, when income dropped by 98%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Cultural Vibrancy sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Childrens Museum of Central Nebraska Inc ($111k), Majestic Theater Association ($111k) and Fort Lauderdale Childrens Ballet Theatre Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $111k (18% of expenses). Other salaries and wages came to $179k. At year end it held assets of $3.1m against liabilities of $12k, net assets of $3.1m. It reported 3 employees.