Silver Spring Town Center Inc

Analysis

Silver Spring Town Center Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2022, 4 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, Silver Spring Town Center Inc reported income of $130k and spending of $130k, spending 100% of its income. Across the 4 years on record, from June 2018 to June 2024, income grew from $101k to $130k (+29%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silver Spring Town Center Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include St Joseph Ministries Incorporated ($130k), Commonwealth Chorale Inc ($131k) and Wixarika Research Center ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. At year end it held assets of $3,524 against liabilities of $0, net assets of $3,524.