Baltimore Classical Guitar Society

Analysis

Baltimore Classical Guitar Society is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in April 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Baltimore Classical Guitar Society reported income of $289k and spending of $197k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $289k (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Classical Guitar Society sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Berwin Art Education Center ($288k), Society for Affective Science Inc ($289k) and Inspire Music Service Hope Inc ($288k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $68k (35% of expenses). At year end it held assets of $694k against liabilities of $0, net assets of $694k.