Historic St Marys City Foundation Inc

Analysis

Historic St Marys City Foundation Inc is a registered charity in United States, based in St Marys City, MD. It received its IRS tax-exemption ruling in January 1984, 42 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, Historic St Marys City Foundation Inc reported income of $233k and spending of $249k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $233k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic St Marys City Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Maine Crafts Association ($233k), Change the Tune Inc ($233k) and Ethnic Enrichment Cultural Council ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $508k against liabilities of $89k, net assets of $418k.