Wilkes Art Gallery Inc

Analysis

Wilkes Art Gallery Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in May 1973, 53 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 June 2023, Wilkes Art Gallery Inc reported income of $263k and spending of $381k, spending 145% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $184k to $263k (+43%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wilkes Art Gallery Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Just Enterprises Inc ($263k), Gospel Tract Society Inc ($263k) and Charlevoix Circle of Arts ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $53k. At year end it held assets of $453k against liabilities of $2,952, net assets of $450k. It reported 7 employees.