The Maryland Center at Bowie State University Inc

Analysis

The Maryland Center at Bowie State University Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Maryland Center at Bowie State University Inc reported income of $2.9m and spending of $2.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $771k to $2.9m (+282%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Maryland Center at Bowie State University Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Colorado Perinatal Care Quality Collaborative ($2.9m), MVP Medical Practice PC ($3.0m) and Alcoholic Rehabilitation Assn of S F Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $171k (6.0% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.6m against liabilities of $713k, net assets of $916k.