Sea Grape Artists Gallery Cooperative Inc

Analysis

Sea Grape Artists Gallery Cooperative Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in February 1995, 31 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 March 2024, Sea Grape Artists Gallery Cooperative Inc reported income of $58k and spending of $43k, leaving 26% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $40k to $58k (+43%), an average of +43% a year. The sharpest change came in the year to March 2024, when income rose by 43%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sea Grape Artists Gallery Cooperative Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Gallery Night Providence Inc ($58k), Heritage House of Orange County Association Inc ($58k) and Site Projects Inc ($58k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 4.2% of the total. At year end it held assets of $61k against liabilities of $3,244, net assets of $58k.