Medical Alumni Association of the University of Maryland Inc

Analysis

Medical Alumni Association of the University of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Medical Alumni Association of the University of Maryland Inc reported income of $2.0m and spending of $1.7m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.4m to $2.0m (-16%), an average of -5.6% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medical Alumni Association of the University of Maryland Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Cleveland Public Library Foundation ($2.0m), The Siskiyou School ($2.0m) and Bettis Preparatory School Incorporated ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $325k (19% of expenses). Other salaries and wages came to $126k. At year end it held assets of $4.5m against liabilities of $38k, net assets of $4.5m. It reported 3 employees.