Galena Art & Recreation Center

Analysis

Galena Art & Recreation Center is a registered charity in United States, based in Galena, IL. It received its IRS tax-exemption ruling in October 1968, 58 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, Galena Art & Recreation Center reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $986k to $1.1m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galena Art & Recreation Center sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.1m), Dupont Street Senior Housing Development Fund Corporation ($1.1m) and National Lawyers Guild Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $898k. At year end it held assets of $1.9m against liabilities of $3,104, net assets of $1.9m. It reported 55 employees.