Outerarts Maryland Inc

Analysis

Outerarts Maryland Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in March 2015, 11 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 August 2023, Outerarts Maryland Inc reported income of $286k and spending of $319k, spending 112% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $256k to $286k (+12%), an average of +3.7% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Outerarts Maryland Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Ase Incorporated ($286k), Axs Lab Inc ($286k) and Clarksville-Montgomery County Arts & Heritage Development Council ($285k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $115k (36% of expenses). At year end it held assets of $85k against liabilities of $1,942, net assets of $83k. It reported 2 employees.