Worcester County Developmental Center

Analysis

Worcester County Developmental Center is a registered charity in United States, based in Newark, MD. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Worcester County Developmental Center reported income of $7.7m and spending of $7.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.7m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worcester County Developmental Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Afsa High School ($7.7m), Charleston Day School Inc ($7.7m) and Lowcountry Leadership Charter School ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $11.1m against liabilities of $1.6m, net assets of $9.5m. It reported 200 employees.