Gig Harbor Now

Analysis

Gig Harbor Now is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in October 2021, 5 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, Gig Harbor Now reported income of $234k and spending of $240k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $94k to $234k (+150%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gig Harbor Now sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include New York Chinese Opera Society Inc ($234k), Elmwood Community Playhouse Inc ($234k) and Pulaski Co Historical Society Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Other salaries and wages came to $139k. At year end it held assets of $111k against liabilities of $553, net assets of $110k. It reported 2 employees.