Barbara Ingram School for the Arts Foundation

Analysis

Barbara Ingram School for the Arts Foundation is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Barbara Ingram School for the Arts Foundation reported income of $204k and spending of $260k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $204k (-83%), an average of -44% a year. The sharpest change came in the year to June 2021, when income dropped by 80%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barbara Ingram School for the Arts Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Olentangy Liberty Athletic Boosters Inc ($204k), Class Education Inc ($204k) and Suncoast High School Foundation Inc ($204k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $58k (22% of expenses). Other salaries and wages came to $45k. At year end it held assets of $2.1m against liabilities of $31k, net assets of $2.1m. It reported 3 employees.