Sandy Spring Museum Inc

Analysis

Sandy Spring Museum Inc is a registered charity in United States, based in Sandy Spring, MD. It received its IRS tax-exemption ruling in December 1983, 43 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 December 2023, Sandy Spring Museum Inc reported income of $1.6m and spending of $1.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $861k to $1.6m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sandy Spring Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Orient Land Trust ($1.6m), Little Theatre on the Square Inc ($1.6m) and Music Haven Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $105k (9.5% of expenses). Other salaries and wages came to $414k. At year end it held assets of $4.9m against liabilities of $865k, net assets of $4.0m. It reported 25 employees.