Annapolis Group of Liberal Arts Colleges Inc

Analysis

Annapolis Group of Liberal Arts Colleges Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in February 2019, 7 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 June 2023, Annapolis Group of Liberal Arts Colleges Inc reported income of $249k and spending of $326k, spending 131% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $248k to $249k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annapolis Group of Liberal Arts Colleges Inc 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 Kansas Council on Economic Education ($249k), Bronx Opera Company Inc ($249k) and Eta Creative Arts Foundation ($249k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $571k against liabilities of $0, net assets of $571k.