Maryland Manufacturing Service Inc

Analysis

Maryland Manufacturing Service Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maryland Manufacturing Service Inc reported income of $4.9m and spending of $4.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.0m to $4.9m (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maryland Manufacturing Service Inc 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 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Plumbers & Pipefitters Local 502 Joint Education & Training Fund ($4.9m), Center for Economic Democracy ($4.9m) and Opportunity Communities LLC ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $431k against liabilities of $430k, net assets of $1,870. It reported 182 employees.