University of Maryland Baltimore Foundation Inc

Analysis

University of Maryland Baltimore Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1999, 27 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, University of Maryland Baltimore Foundation Inc reported income of $53.9m and spending of $37.3m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.0m to $53.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Maryland Baltimore Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include International School of San Francisco ($53.9m), Montreat College ($54.0m) and Westminster College ($53.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 0.2% of the total. At year end it held assets of $470.5m against liabilities of $3.5m, net assets of $467.0m.