Twelve Gates Arts

Analysis

Twelve Gates Arts is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Twelve Gates Arts reported income of $309k and spending of $258k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $309k (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twelve Gates Arts sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Cayuga Chamber Orchestra Inc ($309k), Cape Cod Chamber Music Festival Inc ($309k) and Keweenaw County Historical Society ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $65k (25% of expenses). Other salaries and wages came to $41k. At year end it held assets of $210k against liabilities of $0, net assets of $210k. It reported 5 employees.