Trustees of the TW Wood Gallery

Analysis

Trustees of the TW Wood Gallery is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in August 1946, 80 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 December 2022, Trustees of the TW Wood Gallery reported income of $204k and spending of $229k, spending 112% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $501k to $204k (-59%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trustees of the TW Wood Gallery sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 45th percentile within VT. Charities of a similar size with the same main cause include Staunton Augusta Art Center Inc ($204k), St Petersburg Clearwater Film Society ($204k) and T R C Hall of Fame & Associates Inc ($204k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $78k. At year end it held assets of $709k against liabilities of $351k, net assets of $357k. It reported 19 employees.