Maryland Center for Construction Education & Innovation Inc

Analysis

Maryland Center for Construction Education & Innovation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Center for Construction Education & Innovation Inc reported income of $689k and spending of $382k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $330k to $689k (+109%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Center for Construction Education & Innovation Inc 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 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include United Day Nursery Inc ($689k), Union County Library System ($689k) and Elevatemed Inc ($689k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $140k (37% of expenses). Other salaries and wages came to $119k. At year end it held assets of $330k against liabilities of $55k, net assets of $275k. It reported 5 employees.