Star Spangled Banner Flag House Association Incorporated

Analysis

Star Spangled Banner Flag House Association Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1938, 88 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 2023, Star Spangled Banner Flag House Association Incorporated reported income of $146k and spending of $158k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $132k to $146k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Star Spangled Banner Flag House Association Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Chhandam Institute of Kathak Dance Inc ($146k), New England Malayalee Association ($146k) and The Actors Group Tag ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $60k (38% of expenses). Other salaries and wages came to $13k. At year end it held assets of $959k against liabilities of $6,817, net assets of $952k. It reported 3 employees.