Friends of the Kenfield Gallery

Analysis

Friends of the Kenfield Gallery is a registered charity in United States, based in Ogallala, NE. It received its IRS tax-exemption ruling in June 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Kenfield Gallery reported income of $79k and spending of $110k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $79k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Kenfield Gallery sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NE. Charities of a similar size with the same main cause include Washington Township Historical Society ($79k), Realtime Interventions ($79k) and Hayden Heritage Center ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.8m against liabilities of $205k, net assets of $1.6m. It reported 2 employees.