Kings Canvas Gallery & Studio

Analysis

Kings Canvas Gallery & Studio is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in March 2018, 8 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, Kings Canvas Gallery & Studio reported income of $314k and spending of $254k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $191k to $314k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kings Canvas Gallery & Studio sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Musical Theatre Factory ($313k), Paragon Institute of Innovation ($314k) and 4theville ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $110k. At year end it held assets of $79k against liabilities of $2,032, net assets of $77k. It reported 2 employees.