Northport Galleries Inc

Analysis

Northport Galleries Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in April 1999, 27 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, Northport Galleries Inc reported income of $55k and spending of $59k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $55k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northport Galleries Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Verona Area Performing Arts Series Inc ($55k), Cranberry Research Foundation Inc ($55k) and WTC Memorial Fund Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 74% of the total. At year end it held assets of $15k against liabilities of $300, net assets of $15k.