Channel Marker Inc

Analysis

Channel Marker Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Channel Marker Inc reported income of $5.4m and spending of $5.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.4m (+11%), an average of +2.6% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Channel Marker Inc sits at the 80th percentile: it is larger than about 80% 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 Healthquarters Inc ($5.4m), University of Maryland Oncology ($5.4m) and Two-6 Resources Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $125k (2.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.8m against liabilities of $749k, net assets of $8.0m. It reported 76 employees.