Society for the Preservation of Maryland Antiquities

Analysis

Society for the Preservation of Maryland Antiquities is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1949, 77 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 September 2023, Society for the Preservation of Maryland Antiquities reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.0m (-38%), an average of -11% a year. The sharpest change came in the year to September 2021, when income rose by 107%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Preservation of Maryland Antiquities sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include American Friends of the Musee Orsay ($2.0m), Gulf Coast Symphony Orchestra Inc ($2.0m) and Montclair Historical Society ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $251k (12% of expenses). Other salaries and wages came to $754k. At year end it held assets of $14.3m against liabilities of $2.3m, net assets of $12.0m. It reported 23 employees.