MPT Foundation Inc

Analysis

MPT Foundation Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in August 1981, 45 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, MPT Foundation Inc reported income of $5.5m and spending of $4.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $5.5m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, MPT Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Berkeley Geochronology Center ($5.5m), Historic Annapolis Inc ($5.5m) and York County History Center ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $525k. It paid $306k in professional fundraising fees. At year end it held assets of $16.9m against liabilities of $96k, net assets of $16.8m. It reported 7 employees.