Dmsca Supplier Development Foundation

Analysis

Dmsca Supplier Development Foundation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover employment, 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, Dmsca Supplier Development Foundation reported income of $84k and spending of $134k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $84k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dmsca Supplier Development Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($84k), Town of Mayesville Community Development Corporation ($84k) and Virginia Fccla Leadership Foundation Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,174 against liabilities of $58k, net assets of -$57k.