Victor Association Of Cultural And Performing Arts Inc
Victor Association: Consistent Revenue, Stable Assets, and Strong Program Focus
EIN: 222511852 · Farmington, NY · NTEE: A250 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Victor Association Of Cultural And Performing Arts Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Victor Association Of Cultural And Performing Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Victor Association Of Cultural And Performing Arts Inc
Victor Association Of Cultural And Performing Arts Inc (EIN: 222511852) is a nonprofit organization based in Farmington, NY, classified under NTEE code A250. The organization reported total revenue of $4.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victor Association Of Cultural And Performing Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victor Association Of Cultural And Performing Arts Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$23K |
| Total Assets | $2.4M |
| Total Liabilities | $1.3M |
| Net Assets | $1.1M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 54.6% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, Victor Association Of Cultural And Performing Arts Inc reported a surplus of $23K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 54.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Victor Association Of Cultural And Performing Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +1.9% | +0.5% |
| 2022 | +27.7% | +25.7% | +28.0% |
| 2021 | +0.3% | +1.0% | -0.9% |
| 2020 | -7.7% | -0.6% | -3.1% |
| 2019 | +20.5% | +14.5% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Victor Association Of Cultural And Performing Arts Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Victor Association Of Cultural And Performing Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as no specific compensation figures are listed in the filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Victor Association Of Cultural And Performing Arts Inc:
- Consistent revenue generation, with 2023 revenue at $3,260,405.
- Healthy asset growth over time, reaching $2,418,036 in 2023.
- Low to no lobbying expenses, suggesting a direct focus on programmatic activities.
- Positive net income in most years, indicating financial stability.
Frequently Asked Questions about Victor Association Of Cultural And Performing Arts Inc
Is Victor Association Of Cultural And Performing Arts Inc a legitimate charity?
Victor Association Of Cultural And Performing Arts Inc (EIN: 222511852) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Victor Association Of Cultural And Performing Arts Inc spend its money?
Victor Association Of Cultural And Performing Arts Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Victor Association Of Cultural And Performing Arts Inc tax-deductible?
Victor Association Of Cultural And Performing Arts Inc is registered as a tax-exempt nonprofit (EIN: 222511852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Victor Association Of Cultural And Performing Arts Inc's spending goes to programs?
Victor Association Of Cultural And Performing Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Victor Association Of Cultural And Performing Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Victor Association Of Cultural And Performing Arts Inc is above average for NTEE category A250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Victor Association Of Cultural And Performing Arts Inc located?
Victor Association Of Cultural And Performing Arts Inc is headquartered in Farmington, New York and files with the IRS under EIN 222511852. It is classified under NTEE code A250.
How many years of IRS 990 filings does Victor Association Of Cultural And Performing Arts Inc have?
Victor Association Of Cultural And Performing Arts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.3M in total revenue.
What does Victor Association Of Cultural And Performing Arts Inc do?
Victor Association Of Cultural And Performing Arts Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Farmington, New York. It is classified under NTEE code A250.
How much revenue does Victor Association Of Cultural And Performing Arts Inc have?
Victor Association Of Cultural And Performing Arts Inc reported total revenue of $4,253,398. Based on 13 IRS 990 filings on record.
What are Victor Association Of Cultural And Performing Arts Inc's total assets?
Victor Association Of Cultural And Performing Arts Inc holds total assets of $3,152,626 as reported in IRS 990 filings.
Where is Victor Association Of Cultural And Performing Arts Inc located?
Victor Association Of Cultural And Performing Arts Inc is based in Farmington, New York.
What is Victor Association Of Cultural And Performing Arts Inc's EIN?
Victor Association Of Cultural And Performing Arts Inc's Employer Identification Number (EIN) is 222511852. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Victor Association Of Cultural And Performing Arts Inc?
Victor Association Of Cultural And Performing Arts Inc is classified under NTEE code A250 (Arts, Culture & Humanities).
Is Victor Association Of Cultural And Performing Arts Inc a registered 501(c)(3)?
Yes, Victor Association Of Cultural And Performing Arts Inc is recognized as a tax-exempt organization by the IRS. EIN: 222511852.
Does Victor Association Of Cultural And Performing Arts Inc file IRS Form 990?
Yes, Victor Association Of Cultural And Performing Arts Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Victor Association Of Cultural And Performing Arts Inc's revenue in 2023?
In the 202312 filing period, Victor Association Of Cultural And Performing Arts Inc reported total revenue of $3,260,405, total expenses of $3,237,340, and net assets of $2,418,036.
Is Victor Association Of Cultural And Performing Arts Inc's revenue growing or declining?
Victor Association Of Cultural And Performing Arts Inc's revenue is relatively stable. Revenue went from $3,206,542 (202212) to $3,260,405 (202312), a +1.7% change. Based on 13 filings on record.
What is Victor Association Of Cultural And Performing Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Victor Association Of Cultural And Performing Arts Inc covers tax period 202312. It shows revenue of $3,260,405, expenses of $3,237,340, total assets of $2,418,036, and liabilities of $1,320,926.
How much does Victor Association Of Cultural And Performing Arts Inc spend on programs vs administration?
Based on IRS 990 analysis, Victor Association Of Cultural And Performing Arts Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Victor Association Of Cultural And Performing Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Victor Association Of Cultural And Performing Arts Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Victor Association Of Cultural And Performing Arts Inc's strengths?
Positive indicators for Victor Association Of Cultural And Performing Arts Inc include: Consistent revenue generation, with 2023 revenue at $3,260,405.. Healthy asset growth over time, reaching $2,418,036 in 2023.. Low to no lobbying expenses, suggesting a direct focus on programmatic activities.. Positive net income in most years, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Victor Association Of Cultural And Performing Arts Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as no specific compensation figures are listed in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a consistent positive net income despite varying revenue and expenses over the years?
The organization demonstrates effective financial management by consistently keeping expenses below or very close to revenue, as seen in 2023 where revenue was $3,260,405 and expenses were $3,237,340, resulting in a positive margin. This trend is visible across multiple years, indicating prudent spending and resource allocation.
What factors contribute to the steady increase in assets from $1,534,694 in 2016 to $2,418,036 in 2023?
The consistent positive difference between revenue and expenses, even if small in some years, allows for the accumulation of assets. Additionally, the organization's ability to maintain and grow its liquid assets (implied by the 'a' field) suggests effective investment or retention of funds rather than immediate disbursement, contributing to overall asset growth.
Filing History
IRS 990 filing history for Victor Association Of Cultural And Performing Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Victor Association Of Cultural And Performing Arts Inc's revenue has grown by 153.8%, moving from $1.3M to $3.3M. Total assets increased by 178.5% over the same period, from $868K to $2.4M. Total functional expenses rose by 170.2%, from $1.2M to $3.2M. In its most recent filing year (2023), Victor Association Of Cultural And Performing Arts Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.4M in assets (debt-to-asset ratio: 54.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $2.4M | $1.3M | — | View 990 |
| 2022 | $3.2M | $3.2M | $2.4M | $1.3M | — | View 990 |
| 2021 | $2.5M | $2.5M | $1.9M | $835K | — | View 990 |
| 2020 | $2.5M | $2.5M | $1.9M | $837K | — | View 990 |
| 2019 | $2.7M | $2.5M | $2.0M | $901K | — | View 990 |
| 2018 | $2.3M | $2.2M | $1.8M | $914K | — | View 990 |
| 2017 | $2.1M | $2.0M | $1.8M | $943K | — | View 990 |
| 2016 | $2.0M | $1.9M | $1.5M | $896K | — | View 990 |
| 2015 | $1.7M | $1.7M | $1.0M | $523K | — | View 990 |
| 2014 | $1.7M | $1.5M | $1.0M | $527K | — | View 990 |
| 2013 | $1.4M | $1.4M | $989K | $584K | — | View 990 |
| 2012 | $1.4M | $1.3M | $1.0M | $590K | — | View 990 |
| 2011 | $1.3M | $1.2M | $868K | $562K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $2.4M (revenue +1.7% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $2.4M (revenue +27.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.5M, and assets of $1.9M (revenue +0.3% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $1.9M (revenue -7.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $2.0M (revenue +20.5% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.2M, and assets of $1.8M (revenue +5.9% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $1.8M (revenue +6.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $1.5M (revenue +18.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $1.0M (revenue +0.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $1.0M (revenue +18.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $989K (revenue -0.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $1.0M (revenue +11.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $868K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victor Association Of Cultural And Performing Arts Inc:
Data Sources and Methodology
This transparency report for Victor Association Of Cultural And Performing Arts Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.