Downtown Columbia Arts and Culture Commission Inc

Analysis

Downtown Columbia Arts and Culture Commission Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in July 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 December 2023, Downtown Columbia Arts and Culture Commission Inc reported income of $1.5m and spending of $3.0m, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.5m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 177%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Columbia Arts and Culture Commission Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Soundscapes Inc ($1.5m), Kmac Museum Inc ($1.5m) and Ann Arbor Art Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $149k (5.0% of expenses). Other salaries and wages came to $88k. At year end it held assets of $53.6m against liabilities of $12.8m, net assets of $40.7m. It reported 3 employees.