Gafa Studios

Analysis

Gafa Studios is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 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, Gafa Studios reported income of $204k and spending of $181k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $204k (+13%), an average of +13% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gafa Studios sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Ukrainian American Citizens Association ($204k), Harmony South Dakota Inc ($204k) and Storrier Stearns Garden ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $28k (16% of expenses). Other salaries and wages came to $32k. It paid $12k in professional fundraising fees. At year end it held assets of $106k against liabilities of $0, net assets of $106k.