Maryland Science Center

Analysis

Maryland Science Center is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1947, 79 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Maryland Science Center reported income of $12.9m and spending of $8.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $12.9m (+101%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 110%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Science Center 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Bioone ($12.9m), California Council on Science and Technology ($13.0m) and Engineering Ministries International USA ($12.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $474k (5.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $41.0m against liabilities of $4.6m, net assets of $36.4m. It reported 186 employees.