Radio Reading Network of Maryland Inc

Analysis

Radio Reading Network of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Radio Reading Network of Maryland Inc reported income of $65k and spending of $78k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $103k to $65k (-37%), an average of -37% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Radio Reading Network of Maryland Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Salome Chamber Orchestra Inc ($65k), Paladin Conservancy Inc ($65k) and 440 State Street ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $180k against liabilities of $9,599, net assets of $170k.