Supports contemporary arts, champions artists, and encourages idea exchange.
For fiscal year 2024 it reported $1.1M in revenue, $1.1M in expenses, and $776K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$776K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
75%
20%
Program services $0.75 Management & general $0.20 Fundraising $0.05
Program efficiency
75%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +141% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▼ -4%
$1.2M$589K$0
FY2020FY2024
Expenses
$1.1M
FY2024▼ -7%
$1.2M$604K$0
FY2020FY2024
Total assets
$1.5M
FY2024▼ -2%
$1.7M$847K$0
FY2020FY2024
Total liabilities
$729K
FY2024▼ -8%
$881K$441K$0
FY2020FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$776K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III
Where the work happens
3 program services account for $837K of program spending, described in the organization's own filed words · FY2024.
01
SPACE Gallery is a contemporary arts organization that supports artists in presenting live music and performances, visual arts exhibitions, film screenings, and community events. In 2024, the organization hosted 182 public programs, 17 exhibitions, 34 community partner events, and 29 private arts educational events with over 36,000 total…
$573Kprogram expense
02
SPACE's Congress Street landmark building is also home to 31 below-market artist studios, including a collective printmaking shop and an artist residency studio. Studios are offered annually via a Rent Free Studio program to outstanding local artists who are Black, Indigenous, or another identity of color, selected by a local jury of…
$144Kprogram expense
03
SPACE's artists regranting programs include the Kindling Fund (now in its 11th year) and Sonic Visions Fund. The Kindling Fund is a statewide artist grant-making program for visual arts projects that engage the public in meaningful ways outside of traditional arts institutions.
Kelsey Halliday Johnson’s $59K as Executive Director
is at the 7th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Kelsey Halliday Johnson · Reported title Executive Director · Highest reported compensation $59K · Total expenses $1.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $407K · Total expenses $1.1M
36%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
75%
—
—
Overhead ratio
20%
—
—
Fundraising cost ratio
12%
—
—
Revenue growth
-4%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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