Gallery 510 Art & Framing an Illinois Art Gallery

Analysis

Gallery 510 Art & Framing an Illinois Art Gallery is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in February 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Gallery 510 Art & Framing an Illinois Art Gallery reported income of $90k and spending of $86k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $72k to $90k (+25%), an average of +5.6% a year. The sharpest change came in the year to May 2022, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gallery 510 Art & Framing an Illinois Art Gallery sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Graham Regional Theater ($90k), Schleisingerville to Slinger Historical Museum ($90k) and Southeast Lighthouse Foundation ($90k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 60% and program service revenue 2.3% of the total. Other salaries and wages came to $29k. At year end it held assets of $38k against liabilities of $0, net assets of $38k. It reported 3 employees.