Peoria Art Guild

Analysis

Peoria Art Guild is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in April 1970, 56 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, Peoria Art Guild reported income of $295k and spending of $343k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $295k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peoria Art Guild sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include National Association of Housing & Redevelopment Officials ($295k), Center in the Woods Inc ($295k) and Bethlehem Center Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $48k (14% of expenses). Other salaries and wages came to $70k. At year end it held assets of $413k against liabilities of $101k, net assets of $312k. It reported 5 employees.