Peninsula Art Guild

Analysis

Peninsula Art Guild is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in February 1998, 28 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, Peninsula Art Guild reported income of $213k and spending of $50k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $213k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Art Guild sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 50th percentile within AK. Charities of a similar size with the same main cause include Sonoma Conservatory of Dance ($213k), Sacramento Fine Arts Center ($213k) and Warner Drive in Cultural Resource Center Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $15k (30% of expenses). At year end it held assets of $296k against liabilities of $3,723, net assets of $292k. It reported 1 employees.