Maryland Chess Association Inc

Analysis

Maryland Chess Association Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in July 1975, 51 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 Chess Association Inc reported income of $140k and spending of $151k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $154k to $140k (-9.0%), an average of -9.0% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Chess Association Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include PTA Florida Congress ($140k), Special Needs Arts Programs Inc ($140k) and PTA California Congress of Parents Teachers & Students Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.