Gilpin County Arts Association

Analysis

Gilpin County Arts Association is a registered charity in United States, based in Central City, CO. It received its IRS tax-exemption ruling in August 1949, 77 years ago. 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, Gilpin County Arts Association reported income of $50k and spending of $56k, spending 112% of what it took in. Across the 2 years on record, from December 2017 to December 2023, income fell from $52k to $50k (-4.0%), an average of -4.0% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilpin County Arts Association sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include Museum Inc ($50k), Kedushas Pinchas ($50k) and Virginia Congress of Parents and Teachers ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 8.0% of the total. At year end it held assets of $52k against liabilities of $4,170, net assets of $47k.