Guma Guam Unique Merchandise Art Inc

Analysis

Guma Guam Unique Merchandise Art Inc is a registered charity in United States, based in Hagatna, GU. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Guma Guam Unique Merchandise Art Inc reported income of $580k and spending of $598k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $580k (+573%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 555%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guma Guam Unique Merchandise Art Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 63rd percentile within GU. Charities of a similar size with the same main cause include Moclips by the Sea Historical Society ($579k), Lineage Dance Company ($580k) and Portland School of Ballet ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $114k. It paid $12k in professional fundraising fees. At year end it held assets of $355k against liabilities of $152k, net assets of $203k. It reported 3 employees.