Van Wert Area Performing Arts Foundation

Analysis

Van Wert Area Performing Arts Foundation is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in June 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Van Wert Area Performing Arts Foundation reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.6m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Van Wert Area Performing Arts Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Danish Immigrant Museum ($1.6m), Museum of the Cherokee Indian ($1.6m) and Florida Smooth Jazz Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Other salaries and wages came to $314k. At year end it held assets of $1.5m against liabilities of $491k, net assets of $980k. It reported 38 employees.