Sakks Inc

Analysis

Sakks Inc is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in September 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 (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, Sakks Inc reported income of $76k and spending of $69k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $76k (+6.7%), an average of +6.7% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sakks Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Windsor Community Playhouse C/O Esther Nance-Beck ($76k), Mount Washington Valley Arts Jubilee ($76k) and Studio Rev ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.