The Arts Guild of Old Forge Inc

Analysis

The Arts Guild of Old Forge Inc is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in January 1973, 53 years ago. 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, The Arts Guild of Old Forge Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arts Guild of Old Forge Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Center for New Americans ($1.4m), Randolph School Inc ($1.4m) and Sevier County Council on Aging ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $204k (15% of expenses). Other salaries and wages came to $383k. At year end it held assets of $8.8m against liabilities of $148k, net assets of $8.6m. It reported 22 employees.