Maryland Media Inc

Analysis

Maryland Media Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in October 1975, 51 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 August 2023, Maryland Media Inc reported income of $326k and spending of $520k, spending 160% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $641k to $326k (-49%), an average of -16% a year. The sharpest change came in the year to August 2021, when income dropped by 27%. Over the whole period it spent 134% 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 Media Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Sports Administration Inc ($325k), Independence Day Celebration Inc ($326k) and Friends of the Minnesota Sinfonia ($325k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Other salaries and wages came to $385k. At year end it held assets of $3.6m against liabilities of $90k, net assets of $3.5m. It reported 184 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.