Gas Lamp Inc

Analysis

Gas Lamp Inc is a registered charity in United States, based in Glen Ridge, NJ. It received its IRS tax-exemption ruling in April 2008, 18 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, Gas Lamp Inc reported income of $395k and spending of $355k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $395k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gas Lamp Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Authors Alliance Inc ($395k), International Council of Fine Arts Deans ($395k) and Latin American and Caribbean Con Sortium of Engineering Inst Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). At year end it held assets of $99k against liabilities of $0, net assets of $99k.