Music City Maryland Association Inc

Analysis

Music City Maryland Association Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in June 2022, 4 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, Music City Maryland Association Inc reported income of $204k and spending of $220k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $204k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music City Maryland Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Compound Inc ($204k), Utah Blues Society ($204k) and Boise Baroque Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $3,099 against liabilities of $16k, net assets of -$13k.