Strathmore Hall Foundation Inc

Analysis

Strathmore Hall Foundation Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in October 1982, 44 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 June 2023, Strathmore Hall Foundation Inc reported income of $12.8m and spending of $12.7m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.7m to $12.8m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Strathmore Hall Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Iowa Public Radio Inc ($12.8m), Boyce Thompson Institute for Plant Research Inc ($12.8m) and Array Alliance Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $618k (4.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $27.3m against liabilities of $5.5m, net assets of $21.7m. It reported 318 employees.