Art Guild of Port Washington Inc

Analysis

Art Guild of Port Washington Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in November 2001, 25 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, Art Guild of Port Washington Inc reported income of $457k and spending of $391k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $457k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Guild of Port Washington Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Daily Nebraskan ($457k), Portland Experimental Theatre Ensemble ($457k) and Art House Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $63k (16% of expenses). Other salaries and wages came to $118k. At year end it held assets of $362k against liabilities of $42k, net assets of $320k. It reported 11 employees.