Pyramid Atlantic Inc

Analysis

Pyramid Atlantic Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in February 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, Pyramid Atlantic Inc reported income of $994k and spending of $969k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $539k to $994k (+84%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pyramid Atlantic Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Bimini Biological Field Station Foundation Inc ($994k), Salina Community Theatre Inc ($994k) and Salem Art Association ($994k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $168k (17% of expenses). Other salaries and wages came to $147k. At year end it held assets of $2.3m against liabilities of $388k, net assets of $1.9m. It reported 7 employees.