Maryland Legends Inc

Analysis

Maryland Legends Inc is a registered charity in United States, based in Rising Sun, MD. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Maryland Legends Inc reported income of $543k and spending of $584k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $543k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maryland Legends Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Star Swimming Inc ($543k), Hometown Hero Outdoors ($543k) and LA Crescent Area Healthy Community Partnership ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $131k (22% of expenses). At year end it held assets of $88k against liabilities of $4,874, net assets of $83k. It reported 3 employees.