Maryland Library Association Inc

Analysis

Maryland Library Association Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Maryland Library Association Inc reported income of $416k and spending of $416k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $352k to $416k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Library Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include The Bridge a Joseph Company Nashville TN ($416k), Childrens Discovery Center ($416k) and Neosho School District Charitable Foundation ($416k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $75k (18% of expenses). Other salaries and wages came to $70k. At year end it held assets of $258k against liabilities of $0, net assets of $258k.