Galeria Studio 24

Analysis

Galeria Studio 24 is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1978, 48 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, Galeria Studio 24 reported income of $1.9m and spending of $904k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $416k to $1.9m (+360%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 282%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Galeria Studio 24 sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Childrens Creativity Museum ($1.9m), Union County Arts Center Inc ($1.9m) and Cecil H & Ida M Green Foundation for Earth Sciences ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $120k (13% of expenses). Other salaries and wages came to $171k. At year end it held assets of $1.4m against liabilities of $56k, net assets of $1.3m. It reported 9 employees.