The St Marys County Arts Council Inc

Analysis

The St Marys County Arts Council Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 2024, The St Marys County Arts Council Inc reported income of $233k and spending of $331k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $168k to $233k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The St Marys County Arts Council Inc sits at the 55th percentile: it is larger than about 55% 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 Friends of Tops ($233k), Hawaii Army Museum Society ($233k) and Carthage Free Library ($233k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $53k. It paid $433 in professional fundraising fees. At year end it held assets of $281k against liabilities of -$2,911, net assets of $283k. It reported 3 employees.