Maryland Bar Foundation Inc

Analysis

Maryland Bar Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1970, 56 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 June 2023, Maryland Bar Foundation Inc reported income of $103k and spending of $141k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $127k to $103k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income rose by 385%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Bar Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Lets Beehive Inc ($103k), Stepstones Ministry International ($103k) and Windsong Elementary PTO ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 28% of the total. At year end it held assets of $809k against liabilities of $151k, net assets of $658k.