Edward a Myerberg

Analysis

Edward a Myerberg is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Edward a Myerberg reported income of $1.1m and spending of $1.4m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.1m (-32%), an average of -9.0% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward a Myerberg sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Ashwood Waldorf School ($1.1m), Theta XI Foundation ($1.1m) and Drug Education Council Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Other salaries and wages came to $584k. At year end it held assets of $1.6m against liabilities of $205k, net assets of $1.4m.