International Gallery of Contemporary Arts Inc

Analysis

International Gallery of Contemporary Arts Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in October 2014, 12 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, International Gallery of Contemporary Arts Inc reported income of $69k and spending of $77k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $69k (-12%), an average of -12% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Gallery of Contemporary Arts Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within AK. Charities of a similar size with the same main cause include Izcalli Escvela de LA Raza ($69k), July Four Plymouth Inc ($69k) and Lancaster Historical Society ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 23% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.