Pride Center of Maryland Inc

Analysis

Pride Center of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1978, 48 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 December 2023, Pride Center of Maryland Inc reported income of $2.3m and spending of $2.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.3m (+119%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pride Center of Maryland Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Wnin Tri-State Public Media Inc ($2.3m), Legacy Youth Leadership International ($2.3m) and Kerr-Vance Academy ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $891k against liabilities of $110k, net assets of $781k. It reported 2 employees.