Belvedere Series

Analysis

Belvedere Series is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Belvedere Series reported income of $150k and spending of $122k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $150k (+114%), an average of +114% a year. The sharpest change came in the year to June 2024, when income rose by 114%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belvedere Series sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Ukrainian Culture Center Foundation Inc ($150k), Fallbrook Music Society Inc ($150k) and Honey Art Academy Inc ($150k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $245k against liabilities of $164k, net assets of $82k.