Independent College Fund of Maryland Inc

Analysis

Independent College Fund of Maryland Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1953, 73 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, Independent College Fund of Maryland Inc reported income of $189k and spending of $168k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $300k to $189k (-37%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent College Fund of Maryland Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include East Greenwich Parent Teacher Group Inc ($189k), South Paulding Touchdown Club ($189k) and Chalearn ($189k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $409k against liabilities of $16k, net assets of $393k.