The Pharmacy Gallery & Art Space Inc

Analysis

The Pharmacy Gallery & Art Space Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 2016, 10 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, The Pharmacy Gallery & Art Space Inc reported income of $1.1m and spending of $58k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $1.1m (+1955%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 1528%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Pharmacy Gallery & Art Space Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include California Bluegrass Asso ($1.1m), Ashtabula Arts Center ($1.1m) and Building Beats Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.