Spanish-Speaking Community of Maryland Inc

Analysis

Spanish-Speaking Community of Maryland Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover human services, 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 September 2023, Spanish-Speaking Community of Maryland Inc reported income of $652k and spending of $595k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $650k to $652k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spanish-Speaking Community of Maryland Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Tiferes Bais Yaakov Inc ($652k), L2 Community Support ($652k) and Beleaf Survivors Inc ($652k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $169k (28% of expenses). Other salaries and wages came to $214k. At year end it held assets of $632k against liabilities of $29k, net assets of $603k. It reported 6 employees.