Overview

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Est.

2015

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

VECTOR SPACE is a nonprofit organization focused on providing arts services and fostering an open and collaborative community that promotes innovation, creativity, and the pursuit of science-based knowledge. With an operating budget of $373.7K and total revenue of $436.6K for the 2024 filing year, the organization is supported by multiple significant funders, none of which contribute more than 50% of its revenue. More information about their initiatives can be found on their website, www.vector-space.org.

Mission Statement

TO BUILD AN OPEN AND COLLABORATIVE COMMUNITY THAT FOSTERS INNOVATION, CREATIVITY, AND THE PURSUIT OF SCIENCE BASED KNOWLEDGE.
Revenues
$436.6K
Expenses
$373.7K
Net Income:
+$62.9K
Assets
$1.5M
Liabilities
$728.7K
Net Assets:
+$759.8K
Operating Budget
$373.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
5
Median grant size
$5K
Largest grant received
$18.2K
A
Adam Spontarelli
Board Member
E
Elise Spontarelli
Board Member
B
Bob Bailey
Board Member

Frequently Asked Questions

What is VECTOR SPACE’s budget?
In 2024, VECTOR SPACE reported an annual operating budget of around $374 thousand. More detailed financial information is available to registered users.
What causes does VECTOR SPACE support?
VECTOR SPACE supports work in Arts services.
Where does VECTOR SPACE operate?
VECTOR SPACE is headquartered in Lynchburg, VA.
Who funded VECTOR SPACE recently?
In 2025, VECTOR SPACE received grants from EASLEY CHAR IRR TUA 5019004715, GREATER LYNCHBURG COMMUNITY FOUNDATION, and THE AL STROOBANTS FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant VECTOR SPACE received in 2024?
The largest grant to VECTOR SPACE in 2024 exceeds $18 thousand.
What is VECTOR SPACE’s reliance on government grants?
VECTOR SPACE relied on government grants for more than 20% of their total revenue in 2024.