Maryland Veterans TR

Analysis

Maryland Veterans TR is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Maryland Veterans TR reported income of $630k and spending of $433k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $426k to $630k (+48%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Veterans TR sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Eit ICT Labs Silicon Valley Foundation ($630k), The Piedmont Arts Association ($630k) and Warroad Memorial Arena Association Inc ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $789k against liabilities of $5,544, net assets of $784k.