Gallery5

Analysis

Gallery5 is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2009, 17 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 June 2023, Gallery5 reported income of $426k and spending of $412k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $277k to $426k (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 428%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gallery5 sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include People of Progression Inc ($426k), John Paul II Project Inc ($426k) and Louisville Youth Orchestra ($426k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. Other salaries and wages came to $119k. At year end it held assets of $4,259 against liabilities of $114k, net assets of -$110k. It reported 20 employees.