Wheaton Arts Parade Inc

Analysis

Wheaton Arts Parade Inc is a registered charity in United States, based in Wheaton, MD. It received its IRS tax-exemption ruling in August 2016, 10 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, Wheaton Arts Parade Inc reported income of $121k and spending of $122k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $121k (+14%), an average of +14% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wheaton Arts Parade Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Best Frequencies Inc ($121k), Marin Cultural Association ($121k) and Global Center for Systemic Change Outcomes Research Evaluation & ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $43k against liabilities of $8,322, net assets of $34k.