Baltimores Festival of the Arts Inc

Analysis

Baltimores Festival of the Arts Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 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 June 2023, Baltimores Festival of the Arts Inc reported income of $200k and spending of $198k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $200k (-91%), an average of -45% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimores Festival of the Arts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Oklahoma Catholic Broadcasting Inc ($200k), Rockville Science Center Inc ($200k) and Delaware Childrens Theatre Ltd ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $761k against liabilities of $568k, net assets of $194k.