Germantown Cultural Arts Center Inc

Analysis

Germantown Cultural Arts Center Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in March 1998, 28 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, Germantown Cultural Arts Center Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.6m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Germantown Cultural Arts Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Wenatchee Valley Museum and Cultural Center ($1.6m), American Private Radio ($1.6m) and Heritage Services ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $79k (4.7% of expenses). Other salaries and wages came to $847k. At year end it held assets of $1.1m against liabilities of $665k, net assets of $391k. It reported 75 employees.