Prince Georges Cultural Arts Foundation

Analysis

Prince Georges Cultural Arts Foundation is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Prince Georges Cultural Arts Foundation reported income of $513k and spending of $539k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $513k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 1205%. 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, Prince Georges Cultural Arts Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Boulder Dance Coalition ($512k), 20 Summers Inc ($513k) and Chicken Bone Beach Historical Foundation Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.