Montgomery County Agricultural Center Inc

Analysis

Montgomery County Agricultural Center Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in March 1952, 74 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montgomery County Agricultural Center Inc reported income of $4.3m and spending of $3.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.3m (+2.2%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 958%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery County Agricultural Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Family Support Services ($4.3m), First Stop Inc ($4.3m) and Support and Feed Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $162k (4.8% of expenses). Other salaries and wages came to $422k. At year end it held assets of $14.9m against liabilities of $394k, net assets of $14.5m. It reported 16 employees.