Gilmer Arts and Heritage Assoc

Analysis

Gilmer Arts and Heritage Assoc is a registered charity in United States, based in Ellijay, GA. It received its IRS tax-exemption ruling in November 1989, 37 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, Gilmer Arts and Heritage Assoc reported income of $264k and spending of $352k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $324k to $264k (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilmer Arts and Heritage Assoc 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 63rd percentile within GA. Charities of a similar size with the same main cause include Minden Opera House Inc ($264k), Foundation for Female Health Awareness Inc ($264k) and Studio Theatre Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $80k (23% of expenses). At year end it held assets of $1.3m against liabilities of $236k, net assets of $1.1m. It reported 2 employees.