Maryland Bible Society

Analysis

Maryland Bible Society is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2023, Maryland Bible Society reported income of $55k and spending of $141k, spending 256% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $102k to $55k (-46%), an average of -14% a year. The sharpest change came in the year to March 2022, when income rose by 196%. Over the whole period it spent 149% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maryland Bible Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Hope of a Nation Inc ($55k), Gathering Wow Ministries ($55k) and Agape Freedom Ministries Inc ($55k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $34k. At year end it held assets of $313k against liabilities of $82k, net assets of $231k. It reported 1 employees.