Anns Circle Inc

Analysis

Anns Circle Inc is a registered charity in United States, based in Solomons, MD. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anns Circle Inc reported income of $1.4m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $758k to $1.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anns Circle Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Hippodrome State Theatre Inc ($1.4m), Brockway Television Inc ($1.4m) and Michigan School Band & Orchestra Association Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 18% of the total. At year end it held assets of $1.6m against liabilities of $155k, net assets of $1.4m.