Gallery North Inc
Gallery North Inc. experiences significant revenue surge in 2023 with no reported officer compensation.
EIN: 112368016 · Setauket, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $668K |
| Program Spending | 80% |
| Net Assets | $2.7M |
| Transparency Score | 85/100 |
Is Gallery North Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gallery North Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gallery North Inc
Gallery North Inc (EIN: 112368016) is a nonprofit organization based in Setauket, NY, classified under NTEE code A510. The organization reported total revenue of $2.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gallery North Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gallery North Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $668K |
| Surplus / Deficit | +$1.9M |
| Total Assets | $3.9M |
| Total Liabilities | $1.2M |
| Net Assets | $2.7M |
| Operating Margin | 73.6% |
| Debt-to-Asset Ratio | 31.0% |
| Months of Reserves | 70.1 months |
Financial Health Grade: A
In 2023, Gallery North Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 70.1 months of operating reserves (strong position), has a debt-to-asset ratio of 31.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gallery North Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +209.0% | +7.7% | +87.1% |
| 2022 | +97.0% | +33.0% | +6.1% |
| 2021 | +3.0% | -0.1% | -0.8% |
| 2020 | -17.5% | -9.6% | -4.8% |
| 2019 | +49.6% | +31.7% | +27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gallery North Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gallery North Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.0%.
Executive Compensation Analysis
Gallery North Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Gallery North Inc:
- Significant revenue growth in 2023 ($2,535,185)
- Consistently reports 0% officer compensation across all filings
- Substantial asset growth to $3,904,198 in 2023, indicating improved financial health
- Low expense ratio relative to 2023 revenue ($668,050 expenses vs. $2,535,185 revenue)
- Strong commitment to transparency regarding executive compensation
Frequently Asked Questions about Gallery North Inc
Is Gallery North Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gallery North Inc (EIN: 112368016) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Gallery North Inc spend its money?
Gallery North Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gallery North Inc tax-deductible?
Gallery North Inc is registered as a tax-exempt nonprofit (EIN: 112368016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gallery North Inc's spending goes to programs?
Gallery North Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gallery North Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gallery North Inc is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gallery North Inc located?
Gallery North Inc is headquartered in Setauket, New York and files with the IRS under EIN 112368016. It is classified under NTEE code A510.
How many years of IRS 990 filings does Gallery North Inc have?
Gallery North Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Is Gallery North Inc. a good charity?
Based on the available data, Gallery North Inc. appears to be a good charity. It has shown strong financial growth, particularly in 2023 with revenue of $2,535,185 against expenses of $668,050, and consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
What caused the significant revenue increase in 2023?
The provided data does not specify the exact source of the $2,535,185 revenue in 2023. It could be due to a major grant, a successful fundraising campaign, or a significant increase in program service revenue. Further investigation into their 990 filing would be needed to determine the specific drivers.
How does Gallery North Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines (e.g., program staff) rather than officer compensation. This is a strong indicator of dedication to the mission.
Filing History
IRS 990 filing history for Gallery North Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gallery North Inc's revenue has grown by 736.9%, moving from $303K to $2.5M. Total assets increased by 128.5% over the same period, from $1.7M to $3.9M. Total functional expenses rose by 85.4%, from $360K to $668K. In its most recent filing year (2023), Gallery North Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.9M in assets (debt-to-asset ratio: 31.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $668K | $3.9M | $1.2M | — | View 990 |
| 2022 | $820K | $620K | $2.1M | $1.3M | — | View 990 |
| 2021 | $416K | $466K | $2.0M | $1.3M | — | View 990 |
| 2020 | $404K | $467K | $2.0M | $1.3M | — | — |
| 2019 | $490K | $516K | $2.1M | $1.3M | — | View 990 |
| 2018 | $327K | $392K | $1.6M | $829K | — | View 990 |
| 2017 | $294K | $379K | $1.7M | $853K | — | View 990 |
| 2016 | $303K | $505K | $1.8M | $893K | — | View 990 |
| 2015 | $408K | $425K | $2.1M | $920K | — | View 990 |
| 2014 | $576K | $432K | $1.7M | $479K | — | View 990 |
| 2013 | $357K | $376K | $1.5M | $509K | — | View 990 |
| 2012 | $308K | $425K | $1.6M | $540K | — | View 990 |
| 2011 | $303K | $360K | $1.7M | $543K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $668K, and assets of $3.9M (revenue +209.0% year-over-year).
- 2022: Revenue of $820K, expenses of $620K, and assets of $2.1M (revenue +97.0% year-over-year).
- 2021: Revenue of $416K, expenses of $466K, and assets of $2.0M (revenue +3.0% year-over-year).
- 2020: Revenue of $404K, expenses of $467K, and assets of $2.0M (revenue -17.5% year-over-year).
- 2019: Revenue of $490K, expenses of $516K, and assets of $2.1M (revenue +49.6% year-over-year).
- 2018: Revenue of $327K, expenses of $392K, and assets of $1.6M (revenue +11.2% year-over-year).
- 2017: Revenue of $294K, expenses of $379K, and assets of $1.7M (revenue -2.7% year-over-year).
- 2016: Revenue of $303K, expenses of $505K, and assets of $1.8M (revenue -25.8% year-over-year).
- 2015: Revenue of $408K, expenses of $425K, and assets of $2.1M (revenue -29.1% year-over-year).
- 2014: Revenue of $576K, expenses of $432K, and assets of $1.7M (revenue +61.2% year-over-year).
- 2013: Revenue of $357K, expenses of $376K, and assets of $1.5M (revenue +15.8% year-over-year).
- 2012: Revenue of $308K, expenses of $425K, and assets of $1.6M (revenue +1.8% year-over-year).
- 2011: Revenue of $303K, expenses of $360K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gallery North Inc:
Data Sources and Methodology
This transparency report for Gallery North Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.