Maryland Works Inc

Analysis

Maryland Works Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maryland Works Inc reported income of $2.3m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maryland Works Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Show Inc ($2.3m), Northeastern Pennsylvania Industrial Resource Center Inc ($2.3m) and Wepower ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $218k (10% of expenses). Other salaries and wages came to $843k. At year end it held assets of $2.5m against liabilities of $393k, net assets of $2.1m. It reported 14 employees.