Maryland School for the Blind

Analysis

Maryland School for the Blind is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maryland School for the Blind reported income of $46.6m and spending of $39.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $51.3m to $46.6m (-9.1%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland School for the Blind sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Union Theological Seminary ($46.6m), Triad Math and Science Academy Company ($46.7m) and Kids in Need Foundation ($46.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $417k (1.1% of expenses). Other salaries and wages came to $23.8m. At year end it held assets of $202.4m against liabilities of $22.3m, net assets of $180.2m. It reported 472 employees.