Maryland Lawyers for the Arts Inc

Analysis

Maryland Lawyers for the Arts Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, Maryland Lawyers for the Arts Inc reported income of $156k and spending of $157k, spending 100% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $210k to $156k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Lawyers for the Arts Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Wisconsin Black Historical Society ($156k), Tustin Community Pre School Inc ($156k) and Guardian Foundation Inc ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. At year end it held assets of $192k against liabilities of $1,223, net assets of $191k.