Gloucester Arts on Main Inc

Analysis

Gloucester Arts on Main Inc is a registered charity in United States, based in Gloucester, VA. It received its IRS tax-exemption ruling in April 2013, 13 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 June 2023, Gloucester Arts on Main Inc reported income of $286k and spending of $314k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $305k to $286k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester Arts on Main Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include San Francisco Bay Area Sports Hall of Fame Inc ($286k), Arca Images Inc ($286k) and Jackson Arts Council ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 41% of the total. Other salaries and wages came to $117k. At year end it held assets of $1.1m against liabilities of $358k, net assets of $713k. It reported 12 employees.