Maryland Hospital Education and Research Foundation Incorporated

Analysis

Maryland Hospital Education and Research Foundation Incorporated is a registered charity in United States, based in Elkridge, MD. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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 December 2023, Maryland Hospital Education and Research Foundation Incorporated reported income of $988k and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $988k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Hospital Education and Research Foundation Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Northern Pines of Minnesota Inc ($988k), Holmes Community College Development Foundation Inc ($988k) and Venture North Funding and Development ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $228k (22% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.3m against liabilities of $110k, net assets of $1.2m. It reported 4 employees.