Trumbull Art Gallery

Analysis

Trumbull Art Gallery is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in February 1960, 66 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, Trumbull Art Gallery reported income of $69k and spending of $65k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $69k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trumbull Art Gallery sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Montclair Academy of Dance and Laboratory of Music Inc ($69k), Shawnee Indian Mission Foundation ($69k) and Basement Films Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.