Weinberg Center for the Arts Inc

Analysis

Weinberg Center for the Arts Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 1995, 31 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, Weinberg Center for the Arts Inc reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.4m (+45%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 289%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Weinberg Center for the Arts Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Fonner Park Exposition and Events Center Inc ($2.4m), The Hermitage Museum and Gardens ($2.4m) and Louis Armstrong House Museum ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 39% of the total. Other salaries and wages came to $671k. At year end it held assets of $2.1m against liabilities of $541k, net assets of $1.6m.