Chesapeake Crossroads Heritage Area Inc

Analysis

Chesapeake Crossroads Heritage Area Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in October 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 June 2024, Chesapeake Crossroads Heritage Area Inc reported income of $304k and spending of $249k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $255k to $304k (+19%), an average of +9.0% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Crossroads Heritage Area Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Filmforum Inc ($304k), Cedar Summerstock Theatre ($304k) and International Focus Inc ($303k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $76k (31% of expenses). At year end it held assets of $358k against liabilities of $30k, net assets of $328k. It reported 3 employees.