The Baltimore Watercolor Society Inc

Analysis

The Baltimore Watercolor Society Inc is a registered charity in United States, based in Dayton, MD. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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, The Baltimore Watercolor Society Inc reported income of $87k and spending of $72k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $87k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Baltimore Watercolor Society Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Wadesboro Rotary Club Charitable Foundation Inc ($87k), Activities Council of Thomson Inc ($87k) and PTA Florida Congress ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 50% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.