Maryland Citizens for the Arts Inc

Analysis

Maryland Citizens for the Arts Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1989, 37 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, Maryland Citizens for the Arts Inc reported income of $602k and spending of $487k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $416k to $602k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Citizens for the Arts Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include America-Italy Society of Philadelphia ($602k), Portland Piano International ($602k) and Allies in Arts ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $120k (25% of expenses). Other salaries and wages came to $110k. At year end it held assets of $1.0m against liabilities of $40k, net assets of $993k. It reported 4 employees.