Mount Vernon Place Conservancy Inc

Analysis

Mount Vernon Place Conservancy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2009, 17 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, Mount Vernon Place Conservancy Inc reported income of $655k and spending of $747k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $655k (+107%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Vernon Place Conservancy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Baron Critical Weather Institute ($655k), George London Foundation for Singers Inc ($655k) and Shattered Globe Theatre ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $131k. At year end it held assets of $484k against liabilities of $17k, net assets of $467k. It reported 7 employees.