1708 Gallery Inc

Analysis

1708 Gallery Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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 July 2023, 1708 Gallery Inc reported income of $354k and spending of $496k, spending 140% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $500k to $354k (-29%), an average of -8.3% a year. The sharpest change came in the year to July 2023, when income dropped by 56%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 1708 Gallery Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Pro-Life Pregancy Counseling & Educational League of San Diego ($354k), Shenandoah Valley Lutheran Housing Incorporated ($354k) and Village of Progress Foundation Inc ($354k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 86% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $72k (14% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.2m against liabilities of $848k, net assets of $363k. It reported 10 employees.