Gadsden Arts Inc

Analysis

Gadsden Arts Inc is a registered charity in United States, based in Quincy, FL. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2022, Gadsden Arts Inc reported income of $857k and spending of $763k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $521k to $857k (+65%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gadsden Arts Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Society for Personality Assessment Foundation ($857k), Military Aviation Preservation Society ($857k) and Music Theatre of Idaho Inc ($857k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $98k (13% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.6m against liabilities of $54k, net assets of $3.6m. It reported 10 employees.