Park Lane Gallery Inc

Analysis

Park Lane Gallery Inc is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Park Lane Gallery Inc reported income of $120k and spending of $127k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $204k to $120k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Park Lane Gallery Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include East Hillsborough Historical Society Inc ($120k), Regional Center for the Performing Arts of Luray Inc ($120k) and Writers in the Round Concert Series ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 12% of the total. At year end it held assets of $103k against liabilities of $2,877, net assets of $100k.