Glen Echo Park Partnership for Arts and Culture Inc

Analysis

Glen Echo Park Partnership for Arts and Culture Inc is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Glen Echo Park Partnership for Arts and Culture Inc reported income of $2.8m and spending of $2.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glen Echo Park Partnership for Arts and Culture Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Pittsburgh Penguins Elite Amateur Hockey ($2.8m), Christian Camp and Conference Association International ($2.8m) and Camp Timberline ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $184k (8.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.9m against liabilities of $1.0m, net assets of $2.9m. It reported 48 employees.