Havre de Grace Arts Collective Inc

Analysis

Havre de Grace Arts Collective Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Havre de Grace Arts Collective Inc reported income of $368k and spending of $391k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $251k to $368k (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Havre de Grace Arts Collective Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Bannock Planning Organization ($368k), Keystone Community Corporation ($368k) and Southampton Association Inc ($368k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $71k (18% of expenses). At year end it held assets of $65k against liabilities of $856, net assets of $64k. It reported 2 employees.