Capital City Cultural Arts District

Analysis

Capital City Cultural Arts District is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 2015, 11 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, Capital City Cultural Arts District reported income of $88k and spending of $131k, spending 149% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $66k to $88k (+34%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital City Cultural Arts District sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Cohasset Dramatic Club Inc ($88k), Willoughby South Instrumental Music Boosters ($88k) and Highlands Art League Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.