Inner Arbor Trust Inc

Analysis

Inner Arbor Trust Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 2014, 12 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 April 2023, Inner Arbor Trust Inc reported income of $1.3m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $544k to $1.3m (+147%), an average of +25% a year. The sharpest change came in the year to April 2022, when income rose by 277%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inner Arbor Trust Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Liberty Hall Museum Inc ($1.3m), Museum of Contemporary Art Detroit ($1.3m) and Stella Adler Theatre ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $60k (5.5% of expenses). Other salaries and wages came to $63k. At year end it held assets of $8.4m against liabilities of $874k, net assets of $7.5m. It reported 7 employees.