Hammond Harwood House Assoc Inc

Analysis

Hammond Harwood House Assoc Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 1940, 86 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hammond Harwood House Assoc Inc reported income of $367k and spending of $437k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $368k to $367k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 553%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hammond Harwood House Assoc Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Oak Ridge Art Center ($367k), Lake Champlain Chamber Music Festival ($367k) and Push Push Arts Company ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $118k. At year end it held assets of $10.0m against liabilities of $17k, net assets of $9.9m. It reported 14 employees.