Mm&p Maritime Advancement Training Ed & Safety Program

Analysis

Mm&p Maritime Advancement Training Ed & Safety Program is a registered charity in United States, based in Linthicum HTS, MD. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mm&p Maritime Advancement Training Ed & Safety Program reported income of $4.1m and spending of $4.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.7m to $4.1m (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 135% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mm&p Maritime Advancement Training Ed & Safety Program sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include North American Association of Central Cancer Registries Inc ($4.1m), Goodwill Services Inc ($4.1m) and Creative Employment Opportunities ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $422k (9.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $13.3m against liabilities of $9.8m, net assets of $3.5m. It reported 159 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.