Photoworks Inc is located in Glen Echo, MD. The organization was established in 2003. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Photoworks Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Photoworks Inc generated $160.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $153.2k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATION CLASSES FOR INDIVIDUALS INTERESTED IN THE VISUAL ARTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Keating Executive Director | 15 | $14,596 | |
S Davis Board Member | 12 | $0 | |
D Jones Board Member | 4 | $0 | |
C Kahn III Board Member | 1 | $0 | |
C Zumaran-Jones Board Member | 8 | $0 | |
G Rothschild Board President And Exhibits Direct | 11 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,423 |
| Total Program Service Revenue | $78,439 |
| Membership dues | $0 |
| Investment income | $2,355 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,583 |
| Other Revenue | $8 |
| Total Revenue | $160,613 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,256 |
| Professional fees and other payments to independent contractors | $56,166 |
| Occupancy, rent, utilities, and maintenance | $49,718 |
| Printing, publications, postage, and shipping | $67 |
| Other expenses | $17,047 |
| Total expenses | $153,179 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,987 |
| Other assets | $0 |
| Total assets | $170,312 |
| Total liabilities | $516 |
| Net assets or fund balances | $169,796 |