Larson Gallery Guild

Analysis

Larson Gallery Guild is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in May 1975, 51 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 2022, Larson Gallery Guild reported income of $237k and spending of $263k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $399k to $237k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Larson Gallery Guild sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Dell Loy & Lynnette Hansen Utah Symphony Support Foundation ($237k), Leu Civic Center Inc ($237k) and Le Chat Noir ($237k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 24% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.3m against liabilities of $3,478, net assets of $1.3m. It reported 4 employees.