Friends of the Maryland State Archives Inc

Analysis

Friends of the Maryland State Archives Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in October 2006, 20 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 December 2023, Friends of the Maryland State Archives Inc reported income of $925k and spending of $51k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14k to $925k (+6725%), an average of +187% a year. The sharpest change came in the year to December 2023, when income rose by 5793%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Maryland State Archives Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Yad Lelev Foundation Inc ($925k), CN Wodehouse Hawaii Childrens TR Fund TR ($925k) and Book Industry Charitable Foundation ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.