Photoworks Inc

Analysis

Photoworks Inc is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2023, Photoworks Inc reported income of $161k and spending of $153k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $161k (-1.8%), an average of -1.8% a year. 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, Photoworks Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Totopotpmoy Battlefield at Rural Plains Foundation ($161k), Bremerton Symphony Association Inc ($161k) and Roxbury Historic Trust Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 49% of the total. At year end it held assets of $170k against liabilities of $516, net assets of $170k.