Nami Maryland Inc

Analysis

Nami Maryland Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1983, 43 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 March 2023, Nami Maryland Inc reported income of $939k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $610k to $939k (+54%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Maryland Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Town Line Volunteer Fire Dept Inc ($939k), Hillel the Foundation for Jewish Campus Life ($939k) and The Boys & Girls Club of the Big Pines ($939k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 69% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $117k (9.8% of expenses). Other salaries and wages came to $416k. At year end it held assets of $867k against liabilities of $473k, net assets of $394k. It reported 13 employees.