Glynn Visual Arts Inc

Analysis

Glynn Visual Arts Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 2022, Glynn Visual Arts Inc reported income of $310k and spending of $331k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $568k to $310k (-45%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glynn Visual Arts Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Raleigh Fire Department Inc ($310k), Seido Juku Benefit Foundation ($310k) and Future Farmers of America and Its State Associations & Local Chapter ($310k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 37% and program service revenue 48% of the total. Other salaries and wages came to $101k. At year end it held assets of $621k against liabilities of $28k, net assets of $593k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.