Forever Maryland Foundation Inc

Analysis

Forever Maryland Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Forever Maryland Foundation Inc reported income of $188k and spending of $527k, spending 280% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $847k to $188k (-78%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Forever Maryland Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Maine Rivers ($188k), Rochester Land Trust Inc ($188k) and Friends of Lake Keowee Society ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $173k (33% of expenses). Other salaries and wages came to $130k. At year end it held assets of $151k against liabilities of $32k, net assets of $119k. It reported 6 employees.