Studio Gallery Association Inc

Analysis

Studio Gallery Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1972, 54 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 August 2023, Studio Gallery Association Inc reported income of $195k and spending of $178k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $190k to $195k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio Gallery Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 29th percentile within DC. Charities of a similar size with the same main cause include Maine Irish Heritage Center ($195k), Cognition ($195k) and Opera Orlando Endowment Fund Inc ($195k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $30k (17% of expenses). At year end it held assets of $132k against liabilities of $18k, net assets of $113k. It reported 1 employees.