Gallery 1516 of Regional Artists Inc

Analysis

Gallery 1516 of Regional Artists Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 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 December 2023, Gallery 1516 of Regional Artists Inc reported income of $420k and spending of $380k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $420k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 96% 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 1516 of Regional Artists Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within NE. Charities of a similar size with the same main cause include Portland Lyric Theater ($420k), Makerspace of Milwaukee Inc ($420k) and Glens Falls Symphony Orchestra Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.7% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.3m against liabilities of $8,469, net assets of $1.3m. It reported 5 employees.