Independent Marylanders Achieving Growth Through Empowerment Inc

Analysis

Independent Marylanders Achieving Growth Through Empowerment Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in January 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 September 2023, Independent Marylanders Achieving Growth Through Empowerment Inc reported income of $1.4m and spending of $1.5m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $966k to $1.4m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Marylanders Achieving Growth Through Empowerment Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Montessori School of Florence ($1.4m), Black Owners of Solar Services ($1.4m) and Hudson Valley Hospice Foundation Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $803k. At year end it held assets of $758k against liabilities of $140k, net assets of $618k. It reported 24 employees.