Foundry Gallery Ltd

Analysis

Foundry Gallery Ltd is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2001, 25 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, Foundry Gallery Ltd reported income of $119k and spending of $88k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $119k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundry Gallery Ltd sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include American Hungarian Foundation ($119k), Black Girl Hockey Club ($119k) and Farms Prides 4th of July Committee Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $229k against liabilities of $357, net assets of $228k.