Artists Cooperative Gallery of Westerly Inc

Analysis

Artists Cooperative Gallery of Westerly Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in October 1997, 29 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 2023, Artists Cooperative Gallery of Westerly Inc reported income of $149k and spending of $126k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $149k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Cooperative Gallery of Westerly Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Studio 395 Foundation ($149k), Sunny Dayz Inc ($149k) and Chinese-American Bio Pharmaceutical Society ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 61% of the total. At year end it held assets of $120k against liabilities of $9,757, net assets of $110k.