Carriage Trade Gallery Corporation

Analysis

Carriage Trade Gallery Corporation is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in May 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carriage Trade Gallery Corporation reported income of $107k and spending of $146k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $107k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 152% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carriage Trade Gallery Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Starring Buffalo Inc ($107k), Russian River Sisters Perpetual Indulgence Inc ($107k) and Bowling Green International Festival Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $25k against liabilities of $97k, net assets of -$73k.