Visual Effects Society

Analysis

Visual Effects Society is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Visual Effects Society reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Visual Effects Society sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Robert C Parker School ($3.1m), Society of Economics Geologists Inc ($3.1m) and Baltimore International Academy West Incorporated ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $210k (7.5% of expenses). Other salaries and wages came to $540k. At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.5m. It reported 8 employees.