Fort Meade Alliance Foundation

Analysis

Fort Meade Alliance Foundation is a registered charity in United States, based in Hanover, MD. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fort Meade Alliance Foundation reported income of $303k and spending of $1.4m, spending 456% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $303k (-72%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 613%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fort Meade Alliance Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Maryland Opera Inc ($303k), Sierra View Foundation ($303k) and Table 4 Ten Inc ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $493k against liabilities of $837k, net assets of -$344k.