Gallery X Inc

Analysis

Gallery X Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in October 1992, 34 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 (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, Gallery X Inc reported income of $134k and spending of $60k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $134k (+9.0%), an average of +9.0% a year. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gallery X Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include New Canon Theatre Co ($134k), Tassel Coordination Council Inc ($134k) and Engineers Alliance for the Arts ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 8.6% of the total. At year end it held assets of $211k against liabilities of $19k, net assets of $192k.