Henry Gallery Association Inc

Analysis

Henry Gallery Association Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1970, 56 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, Henry Gallery Association Inc reported income of $5.2m and spending of $4.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.2m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Henry Gallery Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Cobb Community Foundation Inc ($5.2m), Philharmonic Society of Orange County ($5.2m) and Clemente Soto Velez Cultural & Education Center Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $463k (10% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $27.4m against liabilities of $178k, net assets of $27.2m. It reported 67 employees.