Harford Artists Association Inc

Analysis

Harford Artists Association Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Harford Artists Association Inc reported income of $153k and spending of $85k, leaving 44% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $99k to $153k (+55%), an average of +55% a year. The sharpest change came in the year to June 2024, when income rose by 55%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harford Artists Association Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Redwood Area Education Foundation ($153k), Elevated Minds Embracing Righteousness and Gaining Equality ($153k) and Radford High School Foundation Inc ($153k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 41% of the total. At year end it held assets of $165k against liabilities of $3,357, net assets of $162k.