Gallo Center for the Arts Inc

Analysis

Gallo Center for the Arts Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in March 2009, 17 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, Gallo Center for the Arts Inc reported income of $10.2m and spending of $9.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $10.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 431%. 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, Gallo Center for the Arts Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Pacific Fleet Submarine Memorial Association Inc ($10.2m), Chabot Space & Science Center Foundation ($10.2m) and Florida Orchestra Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $363k (3.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $44.1m against liabilities of $3.4m, net assets of $40.7m. It reported 161 employees.