Arts, Culture & Humanities
(A20)
IRS Verified
DX Registered
990 on File
THE VERA PROJECT
Financial strength (30%)
67/100
Reliability (20%)
55/100
Effectiveness (25%)
73/100
Impact (25%)
80/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The Vera Project is an all-ages nonprofit space dedicated to fostering personal and community transformation through collaborative, youth-driven engagement in music and art. A music venue, screen print shop, recording studio, art gallery, and safe space for radical self-expression, VERA is a home to Seattle’s creative community.
Financial Overview — FY 2024
$1.6M
Total Revenue
$1.6M
Total Expenses
N/A
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
N/A
Fundraising Efficiency
200.0%
Operating Reserve
N/A
Liability-to-Asset
0.0%
Revenue Diversification
N/A
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
200.0% | 240.4% |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 10.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
15.9% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.3% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.5% | -0.5% |
P10P90
|
Impact
4 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Voter Education programs across in-house and partnered venue shows | 18,000 | $2.78 | — | Per Year |
| Show attendance and bridged communities amongst genres and craft | 94,000 | $4.42 | — | Per Year |
| Equitable and accessible training in live and recorded sound, screen printing, and lighting | 1,054 | $29.40 | — | Per Year |
| Skills training and job placement within the live production and arts community of Seattle / King Co | 160 | $1,035.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.6M | $1.6M | N/A | — | 12 |
| 2023 | $1.4M | $1.5M | $685K | 66.4% | 12 |
| 2022 | $1.2M | $1.3M | $847K | 56.4% | 16 |
| 2021 | $1.1M | $921K | N/A | — | 13 |
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