Maryland Mep Inc

Analysis

Maryland Mep Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in November 2004, 22 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 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 December 2023, Maryland Mep Inc reported income of $4.3m and spending of $4.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. 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 Mep Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Se Works Inc ($4.3m), Goodwill Industries of Wyoming Inc ($4.3m) and West Virginia Community Action Partnerships Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $932k (22% of expenses). Other salaries and wages came to $525k. At year end it held assets of $335k against liabilities of $185k, net assets of $150k. It reported 10 employees.