Chestertown Arts League Inc

Analysis

Chestertown Arts League Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in August 2000, 26 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, Chestertown Arts League Inc reported income of $370k and spending of $392k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $370k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chestertown Arts League Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Chitresh Das Institute ($370k), Lincoln Motor Car Heritage Museum and Research Foundation Inc ($370k) and Cangelosi Dance Project Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $150k. At year end it held assets of $168k against liabilities of $5,186, net assets of $163k. It reported 7 employees.