Vapa Center

Analysis

Vapa Center is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2022, 4 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, Vapa Center reported income of $579k and spending of $543k, spending 94% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $370k to $579k (+56%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vapa Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Ridgefield Workshop for the Performing Arts Inc ($579k), Wasatch Logan Arts Foundation ($579k) and Gallup Inter-Tribal Indian Ceremonial Association Inc ($579k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). Other salaries and wages came to $57k. At year end it held assets of $98k against liabilities of $42k, net assets of $56k. It reported 4 employees.