Summertime Gallery Inc

Analysis

Summertime Gallery Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2020, 6 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 June 2023, Summertime Gallery Inc reported income of $300k and spending of $225k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $212k to $300k (+41%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summertime Gallery Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Tulalip Foundation ($300k), Union Hall ($300k) and Bronzelens Atlanta Film Festival Inc ($300k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $125k (55% of expenses). At year end it held assets of $153k against liabilities of $6,895, net assets of $147k. It reported 2 employees.