Association of Indep Maryland

Analysis

Association of Indep Maryland is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Association of Indep Maryland reported income of $956k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.2m to $956k (-21%), an average of -5.7% a year. The sharpest change came in the year to July 2021, when income rose by 29%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Indep Maryland sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Stella H Oaks Charitable Foundation ($956k), Imago Dei Academy Inc ($956k) and Liberty High School Inc ($956k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 130% of the total. Compensation of current officers, directors and key employees was $323k (26% of expenses). Other salaries and wages came to $350k. At year end it held assets of $3.3m against liabilities of $29k, net assets of $3.3m. It reported 8 employees.