Maryland Patient Safety Center

Analysis

Maryland Patient Safety Center is a registered charity in United States, based in Elkridge, MD. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Maryland Patient Safety Center reported income of $2.1m and spending of $2.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maryland Patient Safety Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Center for Pregnancy Choices Metro Area ($2.1m), Samaritan Licensed Clinical Social Work PC ($2.1m) and Manna Scholarship Fund Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $438k (20% of expenses). Other salaries and wages came to $313k. At year end it held assets of $1.9m against liabilities of $375k, net assets of $1.5m. It reported 5 employees.