Gertrude Herbert Institute of Art Inc

Analysis

Gertrude Herbert Institute of Art Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in April 1941, 85 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gertrude Herbert Institute of Art Inc reported income of $398k and spending of $317k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $297k to $398k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gertrude Herbert Institute of Art Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Inyo Council for the Arts ($398k), Holland Area Arts Council ($398k) and Opera Louisiane Inc ($398k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $63k (20% of expenses). Other salaries and wages came to $66k. At year end it held assets of $536k against liabilities of $5,353, net assets of $531k. It reported 8 employees.