Maryland Historical Society

Analysis

Maryland Historical Society is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1926, 100 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 June 2022, Maryland Historical Society reported income of $8.2m and spending of $5.5m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $4.6m to $8.2m (+78%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Historical Society 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 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include San Francisco Ballet Endowment Foundation ($8.2m), Weitzman National Museum of American Jewish History ($8.2m) and Cabot Performing Arts Center Inc ($8.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 73% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $250k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $39.0m against liabilities of $650k, net assets of $38.3m. It reported 44 employees.