Umbc Training Enterprises Inc

Analysis

Umbc Training Enterprises Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Umbc Training Enterprises Inc reported income of $13.7m and spending of $13.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $13.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Umbc Training Enterprises Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Hilton Head Christian Academy ($13.7m), Friends of Imagine International Academy of North Texas ($13.7m) and Spokane International Academy ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $300k (2.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $6.9m against liabilities of $4.1m, net assets of $2.8m. It reported 57 employees.