Society of the Cincinnati of Maryland

Analysis

Society of the Cincinnati of Maryland is a registered charity in United States, based in Mount Victoria, MD. It received its IRS tax-exemption ruling in August 1944, 82 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of the Cincinnati of Maryland reported income of $246k and spending of $131k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $246k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Cincinnati of Maryland sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Wasatch Sunshine Terrace Supportfoundation ($246k), The Micropaleontology Press Foundation Inc ($246k) and Marine Life Studies ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 12% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.