Gala Inc Groupo de Artistas Latinoamericanos

Analysis

Gala Inc Groupo de Artistas Latinoamericanos is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1976, 50 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 June 2023, Gala Inc Groupo de Artistas Latinoamericanos reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.8m to $2.1m (-24%), an average of -8.7% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gala Inc Groupo de Artistas Latinoamericanos sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include South Bend Symphony Orchestra Association Inc ($2.1m), Life on Earth Art ($2.1m) and Alliance for Working Together Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $149k (6.4% of expenses). Other salaries and wages came to $298k. At year end it held assets of $6.3m against liabilities of $801k, net assets of $5.5m. It reported 13 employees.