North Carolina · Nonprofit
THEATRE ART GALLERIES INC
THEATRE ART GALLERIES INC (North Carolina) receives grants from 12 organizations whose IRS filings report $611,350 to it, the largest being Earl and Kathryn Congdon Family Foundation ($339,066). 6 of them have funded it in more than one year.
- Revenue FY2025
- $914k
- Funders on record
- 12
- Grants received
- $611k
- Net assets
- $2.8M
What Theatre Art Galleries Inc does
Mission
To provide quality visual art exhibits and educational experiences for the enrichment of the entire community.
As stated on its FY2025 Form 990.
Program
The organization exists to educate & enrich the citizens of high point, north carolina through exhibitions & lectures in fine arts.
$466,566 spent$76,839 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $466,566.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.7M to $2.4M (+45%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 12% · 2022 8%. Grants only. Government contracts and fees sit inside program revenue.
80% of THEATRE ART GALLERIES INC’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jeff Horney
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 5 funders, grant income rose $8k → $166k.
4 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $38k from 3 payers (the payer shares this organization's board, largest United Arts Council of Greensboro Inc). These are real filings, and they are not money THEATRE ART GALLERIES INC raised.
From the IRS filings of THEATRE ART GALLERIES INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THEATRE ART GALLERIES INC leans on a few funders — its largest provides 55% of grant income and the top three 86%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 67% · 2018 100% · 2020 100% · 2021 100% · 2022 95% · 2023 68% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of THEATRE ART GALLERIES INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THEATRE ART GALLERIES INC draws 61% of its grant income from funders outside North Carolina, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $46k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THEATRE ART GALLERIES INC runs a healthier operating margin than three-quarters of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like THEATRE ART GALLERIES INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
75%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for THEATRE ART GALLERIES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THEATRE ART GALLERIES INC?
- THEATRE ART GALLERIES INC (North Carolina) receives grants from 12 organizations whose IRS filings report $611,350 to it, the largest being Earl and Kathryn Congdon Family Foundation ($339,066). 6 of them have funded it in more than one year.
- How many funders does THEATRE ART GALLERIES INC have?
- IRS filings report 12 organizations giving $611,350 in grants to THEATRE ART GALLERIES INC, 6 of which have funded it in more than one year.
- Who is the largest funder of THEATRE ART GALLERIES INC?
- Earl and Kathryn Congdon Family Foundation is the largest funder on record, with $339,066 in grants. The full list of funders is on this page.
- How can an organization like THEATRE ART GALLERIES INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Theatre Art Galleries →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing