Studio Gallery Association Inc
EIN: 520912528 · Washington, DC · NTEE: A400
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $178K |
| Net Assets | $113K |
Is Studio Gallery Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Studio Gallery Association Inc
Studio Gallery Association Inc (EIN: 520912528) is a nonprofit organization based in Washington, DC, classified under NTEE code A400. The organization reported total revenue of $175K and total assets of $121K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studio Gallery Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studio Gallery Association Inc is a small nonprofit that has been operating for 54 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $178K |
| Surplus / Deficit | +$17K |
| Total Assets | $132K |
| Total Liabilities | $18K |
| Net Assets | $113K |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Studio Gallery Association Inc reported a surplus of $17K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Studio Gallery Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.8% | -2.1% | +20.3% |
| 2022 | +60.8% | +0.6% | +203.6% |
| 2021 | +3.8% | +20.9% | -17.5% |
| 2020 | -17.3% | -16.8% | +56.3% |
| 2019 | -0.4% | -5.8% | +69.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Studio Gallery Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Studio Gallery Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.0%.
Frequently Asked Questions about Studio Gallery Association Inc
Is Studio Gallery Association Inc a legitimate charity?
Studio Gallery Association Inc (EIN: 520912528) is a registered tax-exempt nonprofit based in Washington DC. It has 11 years of IRS 990 filings on record. Total revenue: $175K. No red flags identified. Financial health grade: A.
How does Studio Gallery Association Inc spend its money?
Studio Gallery Association Inc reported $175K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Studio Gallery Association Inc tax-deductible?
Studio Gallery Association Inc is registered as a tax-exempt nonprofit (EIN: 520912528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Studio Gallery Association Inc located?
Studio Gallery Association Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 520912528. It is classified under NTEE code A400.
How many years of IRS 990 filings does Studio Gallery Association Inc have?
Studio Gallery Association Inc has 11 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 $175K in total revenue.
Filing History
IRS 990 filing history for Studio Gallery Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Studio Gallery Association Inc's revenue has grown by 45.5%, moving from $134K to $195K. Total assets increased by 273% over the same period, from $35K to $132K. Total functional expenses rose by 51.9%, from $117K to $178K. In its most recent filing year (2023), Studio Gallery Association Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $18K in liabilities against $132K in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $113K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $178K | $132K | $18K | — | — |
| 2022 | $263K | $182K | $110K | $14K | — | View 990 |
| 2021 | $163K | $181K | $36K | $21K | — | View 990 |
| 2020 | $157K | $150K | $44K | $12K | — | — |
| 2019 | $190K | $180K | $28K | $4K | — | View 990 |
| 2018 | $191K | $191K | $17K | $3K | — | View 990 |
| 2017 | $154K | $163K | $19K | $5K | — | View 990 |
| 2015 | $143K | $151K | $26K | $9K | — | View 990 |
| 2013 | $120K | $128K | $41K | $0 | — | View 990 |
| 2012 | $105K | $91K | $50K | $896 | — | View 990 |
| 2011 | $134K | $117K | $35K | $180 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $178K, and assets of $132K (revenue -25.8% year-over-year).
- 2022: Revenue of $263K, expenses of $182K, and assets of $110K (revenue +60.8% year-over-year).
- 2021: Revenue of $163K, expenses of $181K, and assets of $36K (revenue +3.8% year-over-year).
- 2020: Revenue of $157K, expenses of $150K, and assets of $44K (revenue -17.3% year-over-year).
- 2019: Revenue of $190K, expenses of $180K, and assets of $28K (revenue -0.4% year-over-year).
- 2018: Revenue of $191K, expenses of $191K, and assets of $17K (revenue +23.9% year-over-year).
- 2017: Revenue of $154K, expenses of $163K, and assets of $19K (revenue +8.0% year-over-year).
- 2015: Revenue of $143K, expenses of $151K, and assets of $26K (revenue +19.0% year-over-year).
- 2013: Revenue of $120K, expenses of $128K, and assets of $41K (revenue +14.5% year-over-year).
- 2012: Revenue of $105K, expenses of $91K, and assets of $50K (revenue -21.7% year-over-year).
- 2011: Revenue of $134K, expenses of $117K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studio Gallery Association Inc:
Data Sources and Methodology
This transparency report for Studio Gallery Association 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.