Maces Lane Community Center

Analysis

Maces Lane Community Center is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in July 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, Maces Lane Community Center reported income of $760k and spending of $74k, leaving 90% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $225k to $760k (+238%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maces Lane Community Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Artz 4 Life Academy Inc ($760k), Safe Space Pictures Foundation ($760k) and Gurbanisewa Inc ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.