Red Door Art Gallery and Museum Inc

Analysis

Red Door Art Gallery and Museum Inc is a registered charity in United States, based in Wahpeton, ND. It received its IRS tax-exemption ruling in December 2015, 11 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, Red Door Art Gallery and Museum Inc reported income of $64k and spending of $73k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $64k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Door Art Gallery and Museum Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 16th percentile within ND. Charities of a similar size with the same main cause include Department of Joy ($64k), Central Indiana Pow-Wow Inc ($64k) and Francis Howell Central Sensationsbooster Club ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. At year end it held assets of $99k against liabilities of $3,251, net assets of $95k.