University of Maryland Foundation Inc

Analysis

University of Maryland Foundation Inc is a registered charity in United States, based in Adelphi, MD. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Foundation Inc reported income of $46.9m and spending of $40.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.5m to $46.9m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Maryland Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include American Friends of Rabbinical College of Telzstone Inc ($46.8m), Independence Mission Schools ($46.9m) and Norwich Free Academy ($46.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $1.4m (3.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $2.28bn against liabilities of $1.76bn, net assets of $517.9m. It reported 33 employees.