Shared Support Maryland Inc

Analysis

Shared Support Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Shared Support Maryland Inc reported income of $272k and spending of $287k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $457k to $272k (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shared Support Maryland Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Learning 4 Life Farm ($272k), Friends of The@kids Kingdom ($272k) and Westford Remembers Inc ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $65k (23% of expenses). Other salaries and wages came to $83k. At year end it held assets of $39k against liabilities of $130k, net assets of -$91k. It reported 18 employees.