Cultural Corner Art Guild and Gallery

Analysis

Cultural Corner Art Guild and Gallery is a registered charity in United States, based in Chillicothe, MO. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2024, Cultural Corner Art Guild and Gallery reported income of $83k and spending of $72k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $61k to $83k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2024, when income rose by 72%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Corner Art Guild and Gallery sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MO. Charities of a similar size with the same main cause include Dance West Virginia Inc ($83k), Lebanon County Community Concert Assoc ($83k) and Historical Society of the Upper Mojave Desert ($83k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $9,015 (12% of expenses). Other salaries and wages came to $6,241. At year end it held assets of $555k against liabilities of $23k, net assets of $532k. It reported 2 employees.