Galveston Art League Inc

Analysis

Galveston Art League Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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 May 2024, Galveston Art League Inc reported income of $135k and spending of $131k, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $137k to $135k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to May 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galveston Art League Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include PTA Florida Congress ($135k), American Horticultural Therapy Association Inc ($135k) and The Wasilla Basketball Booster Club ($135k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 69% of the total. At year end it held assets of $469k against liabilities of $275k, net assets of $194k.