Pennsylvania Avenue Black Arts and Entertainment District Inc

Analysis

Pennsylvania Avenue Black Arts and Entertainment District Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2020, 6 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, Pennsylvania Avenue Black Arts and Entertainment District Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $527k to $1.1m (+103%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennsylvania Avenue Black Arts and Entertainment District Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Repertory Dance Theatre ($1.1m), Charleston Literary Festival Inc ($1.1m) and O Positive Festivals Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $98k (9.1% of expenses). Other salaries and wages came to $250k. At year end it held assets of $349k against liabilities of $126k, net assets of $223k. It reported 6 employees.