Annes Place Inc

Analysis

Annes Place Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1988, 38 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, Annes Place Inc reported income of $423k and spending of $338k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $423k (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annes Place Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Tri-State Umiya Dham of Cincinnati ($423k), Adam Leventhal Memorial School and Museum ($423k) and Sweet Pea a Festival of the Arts ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $116k (34% of expenses). It paid $3,063 in professional fundraising fees. At year end it held assets of $857k against liabilities of $182k, net assets of $674k. It reported 1 employees.