Potomac Charismatic Community Inc

Analysis

Potomac Charismatic Community Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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 2024, Potomac Charismatic Community Inc reported income of $263k and spending of $317k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $189k to $263k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Charismatic Community Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include The Vance Life Saving and Rescue Squad Incorporated ($263k), National Black Association for Speech Language Hearing ($263k) and Friends of the Goethe Academy ($263k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $41k (13% of expenses). At year end it held assets of $1.9m against liabilities of $6,945, net assets of $1.9m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.