Progressive Maryland Eduction Fund Inc

Analysis

Progressive Maryland Eduction Fund Inc is a registered charity in United States, based in Upper Marlboro, MD. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Progressive Maryland Eduction Fund Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $1.4m (+329%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 335%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Progressive Maryland Eduction Fund Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Lecole Francaise du Maine ($1.4m), Louisiana State University at Eunice Foundation ($1.4m) and United Voices for Newcomer Rights ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $655k. At year end it held assets of $1.6m against liabilities of $88k, net assets of $1.5m. It reported 5 employees.