Frederick Book Arts Center Inc

Analysis

Frederick Book Arts Center Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 2018, 8 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, Frederick Book Arts Center Inc reported income of $220k and spending of $258k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $244k to $220k (-9.7%), an average of -9.7% a year. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frederick Book Arts Center 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 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Florida Institute for Saltwater Heitage Inc ($220k), Association for Safe International Road Travel Inc ($220k) and Stage Coach Players ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 8.0% of the total. Other salaries and wages came to $90k. At year end it held assets of $101k against liabilities of $60, net assets of $101k. It reported 4 employees.