Contemporary Arts Inc

Analysis

Contemporary Arts Inc is a registered charity in United States, based in Gwynn Oak, MD. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Contemporary Arts Inc reported income of $94k and spending of $91k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $94k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Contemporary Arts Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include South Whidbey Schools Foundation ($94k), Camp Okoboji LCMS Foundaton Inc ($94k) and Orchard Classical Community ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $59k against liabilities of $0, net assets of $59k.