Maryland Center for the Visual and Performing Arts Inc

Analysis

Maryland Center for the Visual and Performing Arts Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maryland Center for the Visual and Performing Arts Inc reported income of $527k and spending of $233k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $527k (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Center for the Visual and Performing Arts Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Roswell Arts Fund Inc ($527k), Misnomer ($527k) and Tibetan American Foundation of Minnesota Inc ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $19k (8.2% of expenses). Other salaries and wages came to $26k. At year end it held assets of $1.5m against liabilities of $59k, net assets of $1.4m. It reported 2 employees.