Gallery5
Gallery5 shows recent surpluses but carries significant liabilities relative to minimal assets.
EIN: 204194371 · Richmond, VA · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $472K |
| Total Expenses | $412K |
| Program Spending | 85% |
| Net Assets | $-109,541 |
| Transparency Score | 65/100 |
Is Gallery5 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gallery5 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gallery5
Gallery5 (EIN: 204194371) is a nonprofit organization based in Richmond, VA, classified under NTEE code A20. The organization reported total revenue of $472K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gallery5's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gallery5 is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $426K |
| Total Expenses | $412K |
| Surplus / Deficit | +$14K |
| Total Assets | $4K |
| Total Liabilities | $114K |
| Net Assets | $-109,541 |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 2672.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: B
In 2023, Gallery5 reported a surplus of $14K with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 2672.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Gallery5's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.2% | +26.2% | +184.1% |
| 2022 | +427.8% | +91.5% | -81.4% |
| 2021 | -76.6% | -39.3% | -50.2% |
| 2020 | -3.0% | -1.6% | -41.3% |
| 2019 | +48.3% | +49.0% | +97.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Gallery5 with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gallery5 allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2672.0%.
Executive Compensation Analysis
Gallery5 consistently reports 0% officer compensation, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with nearly half a million dollars in annual revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Gallery5's IRS 990 filings:
- High liabilities relative to assets (e.g., $113,800 liabilities vs. $4,259 assets in 2023).
- Fluctuating financial performance with periods of significant net losses (e.g., $107,528 loss in 2021).
- Minimal asset base, indicating limited financial reserves.
- Consistent 0% officer compensation, which can be a red flag for sustainability or potential misclassification of compensation.
Strengths
The following positive indicators were identified for Gallery5:
- Recent positive net income in 2022 and 2023 ($5,632 and $13,922 respectively), showing improved operational efficiency.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Significant revenue growth from $62,895 in 2021 to $425,625 in 2023, indicating strong fundraising or program success.
- Likely high program spending ratio given 0% officer compensation and lean administrative structure.
Frequently Asked Questions about Gallery5
Is Gallery5 a legitimate charity?
Gallery5 (EIN: 204194371) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $472K. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gallery5 spend its money?
Gallery5 directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gallery5 tax-deductible?
Gallery5 is registered as a tax-exempt nonprofit (EIN: 204194371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gallery5's spending goes to programs?
Gallery5 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gallery5 compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gallery5 is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gallery5 located?
Gallery5 is headquartered in Richmond, Virginia and files with the IRS under EIN 204194371. It is classified under NTEE code A20.
How many years of IRS 990 filings does Gallery5 have?
Gallery5 has 12 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 $472K in total revenue.
How does Gallery5 manage its significant liabilities with such low assets?
The organization's liabilities have consistently outweighed its assets, reaching $113,800 in liabilities against only $4,259 in assets in 2023. This suggests a reliance on short-term funding or significant deferred obligations.
What is the nature of the organization's liabilities?
Without detailed financial statements beyond the 990, the specific nature of the liabilities (e.g., program-related, operational debt, deferred revenue) is unclear, but their magnitude is a concern.
How does Gallery5 sustain operations without officer compensation?
The consistent 0% officer compensation across all filings suggests a highly volunteer-driven leadership model, which is commendable for efficiency but may pose questions about long-term leadership stability and capacity.
What is the plan to build a stronger asset base?
The organization's assets have remained very low, even with recent revenue growth. A strategy to build reserves or acquire significant assets would improve financial stability.
Filing History
IRS 990 filing history for Gallery5 showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gallery5's revenue has grown by 220.8%, moving from $133K to $426K. Total assets decreased by 60.8% over the same period, from $11K to $4K. Total functional expenses rose by 224.9%, from $127K to $412K. In its most recent filing year (2023), Gallery5 reported a surplus of $14K, with revenue exceeding expenses. The organization holds $114K in liabilities against $4K in assets (debt-to-asset ratio: 2672.0%), resulting in net assets of $-109,541.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $426K | $412K | $4K | $114K | — | — |
| 2022 | $332K | $326K | $1K | $125K | — | View 990 |
| 2021 | $63K | $170K | $8K | $136K | — | View 990 |
| 2020 | $268K | $281K | $16K | $37K | — | — |
| 2019 | $277K | $285K | $28K | $28K | — | View 990 |
| 2018 | $186K | $191K | $14K | $6K | — | View 990 |
| 2017 | $213K | $210K | $20K | $6K | — | View 990 |
| 2016 | $190K | $202K | $14K | $4K | — | — |
| 2015 | $199K | $186K | $41K | $0 | — | View 990 |
| 2014 | $177K | $169K | $29K | $0 | — | View 990 |
| 2013 | $172K | $162K | $21K | $0 | — | View 990 |
| 2012 | $133K | $127K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $426K, expenses of $412K, and assets of $4K (revenue +28.2% year-over-year).
- 2022: Revenue of $332K, expenses of $326K, and assets of $1K (revenue +427.8% year-over-year).
- 2021: Revenue of $63K, expenses of $170K, and assets of $8K (revenue -76.6% year-over-year).
- 2020: Revenue of $268K, expenses of $281K, and assets of $16K (revenue -3.0% year-over-year).
- 2019: Revenue of $277K, expenses of $285K, and assets of $28K (revenue +48.3% year-over-year).
- 2018: Revenue of $186K, expenses of $191K, and assets of $14K (revenue -12.5% year-over-year).
- 2017: Revenue of $213K, expenses of $210K, and assets of $20K (revenue +12.0% year-over-year).
- 2016: Revenue of $190K, expenses of $202K, and assets of $14K (revenue -4.5% year-over-year).
- 2015: Revenue of $199K, expenses of $186K, and assets of $41K (revenue +12.8% year-over-year).
- 2014: Revenue of $177K, expenses of $169K, and assets of $29K (revenue +2.4% year-over-year).
- 2013: Revenue of $172K, expenses of $162K, and assets of $21K (revenue +30.0% year-over-year).
- 2012: Revenue of $133K, expenses of $127K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gallery5:
Data Sources and Methodology
This transparency report for Gallery5 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.