Symphony of the Potomac Inc

Analysis

Symphony of the Potomac Inc is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in August 2007, 19 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 2024, Symphony of the Potomac Inc reported income of $77k and spending of $66k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $67k to $77k (+15%), an average of +15% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony of the Potomac Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Kansas Sports Hall of Fame Inc ($77k), Circus Cascadia ($77k) and St Patrick Celebrations Inc ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.