Frederick Arts Council Inc

Analysis

Frederick Arts Council Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in November 1978, 48 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 June 2023, Frederick Arts Council Inc reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $447k to $1.2m (+163%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frederick Arts Council Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Naranjo Museum of Natural History ($1.2m), Birch Creek Music Performance Center Inc ($1.2m) and International Towing and Recovery Hall of Fame and Museum ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $398k. It reported 2 employees.