Celebrate Frederick Inc

Analysis

Celebrate Frederick Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2000, 26 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 March 2023, Celebrate Frederick Inc reported income of $230k and spending of $255k, spending 111% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $324k to $230k (-29%), an average of -8.2% a year. The sharpest change came in the year to March 2022, when income rose by 224%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celebrate Frederick Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Mosquito Range Heritage Initiative ($230k), Purple Silk Music Education Foundation Inc ($230k) and Kente Arts Alliance ($230k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 38% and program service revenue 54% of the total. At year end it held assets of $531k against liabilities of $39k, net assets of $492k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.