Council on Economic Education in Maryland

Analysis

Council on Economic Education in Maryland is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in July 1961, 65 years ago. 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, Council on Economic Education in Maryland reported income of $596k and spending of $620k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $418k to $596k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council on Economic Education in Maryland sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($596k), Seymour Library ($596k) and Blue North Ky Inc ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.5% of the total. Other salaries and wages came to $100k. At year end it held assets of $799k against liabilities of $0, net assets of $799k. It reported 4 employees.