Jewish Museum of Maryland Inc

Analysis

Jewish Museum of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1961, 65 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, Jewish Museum of Maryland Inc reported income of $2.2m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jewish Museum of Maryland Inc sits at the 92nd 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 Herbert Berghof Studio Inc ($2.2m), Ballet San Antonio ($2.2m) and Arkansas Symphony Orchestra Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $187k (8.3% of expenses). Other salaries and wages came to $679k. At year end it held assets of $10.8m against liabilities of $228k, net assets of $10.5m. It reported 16 employees.