Community Development Network of Maryland Inc

Analysis

Community Development Network of Maryland Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 2014, 12 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, Community Development Network of Maryland Inc reported income of $325k and spending of $311k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $325k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Network of Maryland Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Rotary District 6000 Humanitarian and Educational Foundation Inc ($325k), United Community Foundation ($325k) and Vin Gopal Civic Association ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (27% of expenses). Other salaries and wages came to $72k. At year end it held assets of $188k against liabilities of $8,852, net assets of $179k. It reported 3 employees.